GlobalNetwork Technology Services (GNTS), a Cabletron business unit formed out of the company's split, helps companies and service providers design and build networks which are used to send Internet and corporate data from one point to another.
GlobalNetwork today said it has acquired Brazilian firm Tie-Line Consultores Associados, which specializes in phone systems; Ohio-based Georetiary Networks, which focuses on security in networks; and ProLink Systems, which specializes in wireless networks. Financial terms were not disclosed.
GlobalNetwork president Earle Humphreys said the acquisitions will not only improve its consulting services but also boost its efforts in Latin America and in the midwestern United States. Humphreys expects to make more acquisitions in the future to pump up the company's efforts in Asia and Europe as well as North America.
"When a global company asks me if I can do voice (consulting services) in 11 different countries, I want to say yes without having to fly everybody around the world," Humphreys said.
GlobalNetwork is one of four subsidiaries that network equipment maker Cabletron owns and plans to spin off with public offerings.
The company does consulting services for customers of Cabletron's other units: Aprisma Management Technologies, which sells network management software; Riverstone Networks, which sells high-speed equipment to service providers; and Enterasys Networks, which makes networking equipment for businesses.
GlobalNetwork also does consulting work for customers of other equipment makers, including Lucent Technologies and Cisco Systems, as well as service providers such as Sprint, according to the company.
Separately, Cabletron today announced plans to buy back $400 million worth of its stock. The company's shares have dropped significantly from a 52-week high of $52.75 in the last month.