Featured Story
Huawei defies US to grow market share as RAN decline ends – Omdia
The worst is now behind vendors in the market for mobile network equipment, with Omdia forecasting slight growth outside China this year.
Will commence a tender offer to purchase all outstanding shares of OSI for $17.75 per share in cash
November 27, 2000
PALO ALTO, Calif. -- Agilent Technologies Inc. (NYSE:A - news), a leading provider of innovative technologies for communications and life sciences, today announced an agreement to acquire Objective Systems Integrators Inc. (OSI) (Nasdaq:OSII - news), a leading provider of next-generation operations-support-system (OSS) software for communications service providers. A wholly owned subsidiary of Agilent will commence a tender offer to purchase all outstanding shares of OSI for US $17.75 per share in cash. OSI, a public company headquartered in Folsom, Calif., with more than 400 employees worldwide and an installed base of over 120 customers, designs, develops and markets OSS software that integrates and manages the provision of communications services in today's large-scale, multi-vendor network environments.
"OSI is a great fit with Agilent's strategy and clearly positions us as the leading provider of OSS solutions for current and next-generation communications service providers," said Ned Barnholt, president and CEO of Agilent. "We will be acquiring an innovative, profitable and fast-growing company that will strengthen our ability to help communications service providers meet their biggest challenge: to bring new services to market quickly and provide a revenue stream to leverage their huge network investments. We believe OSI will help us provide compelling quality-of-service solutions as providers rapidly deploy new communications technologies and services."
http://www.agilent.com
You May Also Like