Shiva is acquiring the assets of Memotec, a privately-held supplier of multi-service platforms for IP, Frame Relay and ATM. Memotec has more than 100,000 products installed in over 94 countries. Memotec is based in Montreal. Financial terms were not disclosed. Shiva said the acquisition supports its corporate strategy of providing secure business communications to distributed global enterprises and service providers.
http://www.shiva.com
http://www.memotec.com
- In a management buyout in October 2002, Memotec became a privately-held company following a period in which it was owned by Kontron Canada.
