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Short Take: Nokia to acquire Ramp Networks

Nokia has agreed to acquire Santa Clara, Calif.-based Ramp Networks, which sells Internet security equipment for small office applications. Nokia will pay about $126 million for the publicly traded company. Ramp Networks' board of directors unanimously approved the deal. Nokia already sells network-security products to medium-sized and large businesses.

Nokia has agreed to acquire Santa Clara, Calif.-based Ramp Networks, which sells Internet security equipment for small office applications. Nokia will pay about $126 million for the publicly traded company. Ramp Networks' board of directors unanimously approved the deal. Nokia already sells network-security products to medium-sized and large businesses.