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C-COR signs final agreement to purchase Stargus
July 6, 2004
STATE COLLEGE, Pa. -- C-COR Incorporated (Nasdaq: CCBL), a global provider of broadband communications transport products, software systems, and technical services, today announced that it has signed the final agreement to acquire Stargus, Inc., a Massachusetts-based provider of comprehensive network and service management solutions for cable broadband networks, including network optimization, subscriber usage reporting, and capacity planning, for a cash payment of approximately $17 million, subject to certain adjustments. The completion of the acquisition requires satisfaction of customary conditions. C-COR expects the closing to occur during the Company’s first quarter of fiscal year 2005. As stated in C-COR’s release of June 15, 2004, upon the closing, Stargus will become part of C-COR’s Broadband Management Solutions (BMS) division.
C-COR Corp.
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