Tweet

Openet: We're Not In Acquisition Talks With Cisco

Transaction-Management Solutions Provider Responds To Analyst's Tout That It's Takeover Target

Todd Spangler -- Multichannel News, 5/27/2010 5:55:07 PM

Openet, a privately held provider of transaction-management solutions for service providers, issued a statement Thursday that it was not in discussions to be acquired by Cisco Systems.

According to Openet, speculation that the company was a takeover target for Cisco was first published by Avian Securities analyst Catharine Trebnick in a May 26 research note.

"What we can confirm is that Cisco is one of a number of strategic partners for our business. However, Openet is not currently involved in acquisition discussions; rather, our top priority is to focus on the growth of our business and our leadership in this market," Openet CEO Niall Norton said in a statement. "Cisco has been a valuable partner, and we look forward to growing that relationship with the expansion of our business."

Norton also noted that Openet's policy is to usually not comment on market speculation regarding future company plans, including potential mergers and acquisitions, but the company decided to make an exception in this case "given the volume of discussion this week."

Openet, based in Dublin, Ireland, provides products and services to telecommunications and cable providers worldwide, including BT, Orange, AT&T and Verizon Wireless.

Tweet

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author

No related content found.

Also by this author

• Cable Show 2012: Stanford Team Wins 'App Challenge' With Bandwidth-Priority System

• Cable Show 2012: Cablevision's HTML5 Guide Plays On LG, Samsung Smart TVs

• Cable Show 2012: Motorola Envisions 'Whole-World DVR'

• Cable Show 2012: Comcast To Unleash Free Phone Calling Over Wi-Fi

• Google Completes $12.5 Billion Takeover Of Motorola Mobility

More >>>

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Bigband Networks

  

  BigBand Networks, Inc. NASDAQ: BBND provides broadband service providers with innovative network solutions designed to make it easier to move, manage and monetize video. These solutions are based on BigBand's video-networking platforms that are built to enable efficient and relia..more

---

Most Recent Resources

• The New Normal for Promoting Tune-in
• Infrastructure Design for High Volume Video Workflows
• Improving the Internet TV and Mobile Video Experience – an Adap..
• Increasing Efficiency in Digital Distribution of Media
• The Local Origination/Leased Access Metamorphosis