Network Equipment Technologies agreed to acquire privately-held Quintum Technologies, a supplier of enterprise VoIP access switching and gateways, for $41 million, comprised of $20.5 million in cash and $20.5 million in NET stock. NET will also assume approximately $2.0 million in debt currently on Quintum’s balance sheet, and has committed to issue to Quintum employees a number of stock options having an approximate Black Scholes valuation of at least $3 million.
Quintum’s “Tenor” line VoIP access switching and gateway products are deployed in enterprise and service provider networks. Quintum offers solutions ranging from 2 to 48 analog VoIP ports, from 1 to 32 T1, E1, PRI spans and 2, 4 or 8 BRI/ST ports, as well as Session Border Controllers and a Remote Management Session Server for management of remote Tenors, even those behind NAT firewalls. The products are distributed in more than 50 countries through independent resellers.
Founded in 1998, Quintum is headquartered in Eatontown, NJ with additional offices in Schaumberg, IL; Hong Kong, Taipei and Shanghai, and currently has more than 75 employees.
http://www.net.com
http://www.quintum.com
