The provider of data and telecommunications equipment announced the acquisition of privately held X-Cel Communications, a London-based maker of network management software tools targeted at voice carriers and service providers.
Terms of the cash deal were not disclosed. X-Cel had $10 million in sales for 1998.
Nortel plans to plug X-Cel's software into its Integrated Network Management series of high-end management products. X-Cel specializes in "service level agreement" technology, or SLA, and network performance management tools.
Nortel previously re-sold X-Cel's technology. Full integration of the firm's tools into Nortel's operations is scheduled for the end of the year.
Separately, Nortel also announced it has spun off Elastic Networks, formerly a unit of the company. Elastic has received $12.6 million in funding from venture firm Pequot Capital Management and Texas Instruments to continue developing Ethernet-based phone line networking hardware and software.