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Short Take: Redback Networks completes acquisition of Abatis Systems

Redback Networks, a provider of advanced networking solutions, today announced it has completed its acquisition of Abatis Systems of Vancouver, Canada, a transaction valued at U.S. $636 million. Abatis Systems is now a subsidiary of Redback Networks and called Redback Networks Systems Canada. John Seminerio, the former chief executive of Abatis Systems, is general manager of the new subsidiary and a vice president of Redback Networks and will report to Vivek Ragavan, president and chief executive of Redback Networks.

    Redback Networks, a provider of advanced networking solutions, today announced it has completed its acquisition of Abatis Systems of Vancouver, Canada, a transaction valued at U.S. $636 million. Abatis Systems is now a subsidiary of Redback Networks and called Redback Networks Systems Canada. John Seminerio, the former chief executive of Abatis Systems, is general manager of the new subsidiary and a vice president of Redback Networks and will report to Vivek Ragavan, president and chief executive of Redback Networks.