Azanda Lands a Buyer
The deal was completed more than a week ago, but neither side has announced anything yet. Cortina is awaiting customer approvals on its press release before formally launching the news or commenting on it, says Zino Chair, vice president of marketing.
The deal ends a long wait for Azanda, which few believed could continue standing on its own selling traffic manager chips. Many network processor and switch fabric companies offer their own traffic managers, sometimes integrated into one of those chips. That puts Azanda's standalone traffic manager at a disadvantage (see Azanda Moves On and Traffic Managers Update).
Azanda faced a lack of likely suitors among the network processor population, but Cortina doesn't come from that crowd. Its chip places multiple types of traffic, including Ethernet and RPR, onto Sonet rings (see AMCC, Cortina Chip Into Multiservice).
Why the interest in Azanda, then? The acquisition probably came at the request of Cisco Systems Inc. (Nasdaq: CSCO), says one source requesting anonymity. The buzz on Azanda has long been that a Cisco design win was its primary source of sustenance, and the source notes that Cortina's chip is being used in Cisco's RPR efforts.
It appears the deal was more than an asset sale and included some Azanda employees. "A team moved across, but definitely not all the people," the source says.
Azanda officials couldn't be located for comment. Azanda's Website is intact, but its phones have been disconnected, with the main number forwarded to Cortina's West Coast office.
— Craig Matsumoto, Senior Editor, Light Reading