Tag Archives: NASDAQ

Level 3 Launched Wholesale Partner Program

Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that it has launched the Level 3 Wholesale Partner Program to better enable domestic and international wholesale carriers to resell Level 3’s services to their enterprise customers. The program is designed to make it easier for carriers to leverage the Level 3 network as a simple, cost-effective extension of their own network in order to serve enterprise customers in areas outside of their service region.

As carriers compete to serve enterprise customers, the ability to provide a holistic solution that reaches all of the enterprise customers’ locations is critical.

Cisco (NASDAQ: CSCO) Announces Intent to Acquire Arch Rock

Cisco today announced its intent to acquire privately held Arch Rock Corporation, a pioneer in Internet Protocol-based wireless network technology for smart-grid applications. Based in San Francisco, Arch Rock will accelerate Cisco’s ability to facilitate the utility industry’s transition to an open and interoperable smart grid by enabling Cisco to offer a comprehensive and highly secure advanced metering infrastructure solution based completely on IP standards.

“The acquisition of Arch Rock enhances Cisco’s end-to-end smart-grid offerings and further positions Cisco as a strategic partner to utilities that want to better manage power supply and demand, improve the security and reliability of energy delivery, and optimize operational costs,” said Laura Ipsen, senior vice president and general manager of Cisco’s Smart Grid business unit. “Cisco’s solutions, incorporating the Arch Rock technology, will help enable a more efficient and sustainable energy future that is based on an open, highly secure and reliable smart-grid infrastructure.”

The acquisition of Arch Rock further establishes Cisco’s vision of fully IP-enabled networking solutions for a smart grid. Arch Rock’s technology is designed to enable utilities to connect smart meters and other distributed intelligent devices over a scalable, highly secure, multi-way wireless mesh network based on IP standards. This capability complements the recently announced joint development agreement between Itron and Cisco, by which Cisco plans to develop solutions that enhance smart-metering technology, enabling utilities to meet the demands of increasingly empowered customers and highly distributed energy sources.

Arch Rock brings to Cisco a proven team that has been a leader in the research and development of wireless networking and its integration into grid solutions. Upon the close of the acquisition, the Arch Rock team will become part of Cisco’s industry-leading Smart Grid business unit. Financial terms of the transaction are undisclosed. The acquisition is subject to various standard closing conditions and is expected to be complete in the second half of calendar year 2010.

Watch Video: Cisco HealthPresence on Discovery

Cisco HealthPresence: Technology Recreates Face-to-Face Doctor’s Visit

With technologies like TelePresence, or Cisco’s (NASDAQ:CSCO) medical version HealthPresence, will we still visit with our doctor or medical specialist in the future? Watch this HealthPresence video below, where Cisco and the Discovery Channel team to demonstrate Cisco’s HealthPresence, which creates a live, face-to-face office visit for doctors and patients, even when they are hundreds of miles apart.

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Cisco Starent Networks Acquisition Completed

Cisco (NASDAQ: CSCO) has completed its acquisition of Starent Networks (NASDAQ: STAR), a leading supplier of Internet Protocol (IP) based mobile infrastructure solutions targeting mobile and converged carriers.

With the Mobile Internet at an inflection point as IP-enabled Smartphones and other connected mobile devices gain rapid acceptance, service providers have been actively investing in this market. Global mobile data traffic is expected to more than double every year through 2013, according to the Cisco Visual Networking Index.

Starent Networks’ mobile infrastructure solutions play an important role in enabling service providers to scale their mobile infrastructure and monetize their investments via differentiated experiences. They provide the multimedia intelligence, core network functions and services to manage access from any 2.5G, 3G and 4G radio network to a mobile operator’s packet core network. Starent Networks’ access-independent technology is deployed in CDMA2000 (1X, EV-DO), UMTS/HSPA and WiMAX networks.

With the completion of the transaction, Starent Networks becomes part of Cisco’s new Mobile Internet Technology Group within the Service Provider Group (SPG). In addition, Ashraf Dahod, former president and CEO of Starent Networks, becomes senior vice president and general manager of this new group, reporting to Pankaj Patel, senior vice president and general manager of SPG.

Under the terms of the agreement, Cisco paid $35 per share in cash in exchange for each share of Starent Networks and assumed outstanding equity awards for an aggregate purchase price of approximately $2.9 billion. Cisco expects the acquisition to be dilutive to non-GAAP earnings in fiscal years 2010 and 2011 and accretive to non-GAAP ea

Level 3 Expanding Fiber-Optic Network in North Georgia

Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that it is expanding its operations and enhancing its local presence in the Atlanta area. Through this initiative, Level 3 will combine its extensive backbone network, metro fiber-optic footprint, and a locally focused sales and customer support team to provide mid-market enterprises with greater access to Level 3’s full spectrum of communications services.

“We are building strong relationships with businesses throughout north Georgia because we couple our understanding of the ever-changing communications landscape with face-to-face local customer support,” said Allan English, Level 3’s Atlanta general manager. “We are seeing increased demand for a competitive alternative in the marketplace, and we’re taking our involvement in Atlanta to the next level to be that alternative for mid-market business customers.”

Level 3 has an extensive footprint throughout north Georgia that passes nearly 15,000 businesses. The company will add capacity to the network and will expand the number of businesses that are directly connected to this network, enabling significant scalability and reach of service for these businesses

As one of the company’s core locations, Level 3 is deeply rooted in the Atlanta area, employing more than 250 people. As part of this initiative, Level 3 is realigning its workforce in the Atlanta area to combine an on-the-ground presence with intimate marketplace knowledge to deliver an outstanding customer experience. The company also is redirecting support resources to focus specifically on mid-market enterprises throughout north Georgia.

Level 3’s local sales and customer support team will be on hand to provide expertise and guidance to Atlanta enterprise customers as they navigate the changing communications landscape. Businesses are experiencing fundamental changes in the way people use multimedia and collaborative applications on their desktop computers. As a result, IT organizations are centralizing the delivery of these applications

PAETEC Dynamic IP now Avaya Compliant

PAETEC Holding Corp. (NASDAQ GS: PAET) today announced that its Dynamic IP service is compliant with key Internet protocol (IP) telephony solutions from Avaya Inc., a leading global provider of business communications applications, systems and services.

The Dynamic IP solution offers businesses true bandwidth allocation for voice and data while leveraging existing voice equipment. The application now is compliance-tested by Avaya for compatibility with the Avaya IP Office, a secure, easy-to-use converged voice and data system for small and medium businesses.

Paetec Allworx aqcuisition completed

PAETEC Holding Corp. (NASDAQ GS: PAET) announced the completion of its transaction to acquire Allworx Corp., effective October 31. PAETEC acquired Allworx, a privately held company that develops, designs, markets, and sells a complete phone and network system designed to benefit small and medium-sized businesses, in a $25 million all-cash acquisition.

“We are excited to bring on board the entrepreneurial spirit and technical expertise of the Allworx employees,” said PAETEC Chairman and CEO Arunas A. Chesonis. “This transaction will allow us to offer the innovative Allworx product line to an important segment of our customer base while offering the breadth of PAETEC’s network services to existing Allworx customers.”

“I’m very proud of the success of Allworx and the quality of our people,” said Allworx co-founder George E. Daddis Jr. “Joining PAETEC brings tremendous resources and synergies that will allow Allworx to accelerate its push into the SMB telephony market and grow its consulting division all while maintaining the ability to work as a team and form industry partnerships.”

PAETEC adds approximately 70 employees through this transaction, bringing the company’s total to roughly 2,400. Allworx’ operations will remain in its East Rochester, N.Y., location, and will function as a wholly owned subsidiary of PAETEC.

PAETEC (NASDAQ GS: PAET) is personalizing business communications for medium-sized and large businesses, enterprise organizations and institutions across the United States. We offer a comprehensive suite of voice, data, and IP services, as well as enterprise communications management software, network security solutions, CPE, and managed services. For more information, visit www.paetec.com.