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Marconi to Acquire Mariposa

Will acquire Mariposa Technology, a U.S.-based provider of integrated access devices, for $268 million

September 21, 2000

1 Min Read

PITTSBURGH -- Marconi plc (London: MNI), a globalprovider of advanced communications solutions, today announced that it willacquire Mariposa Technology, Inc., a U.S.-based provider of integratedaccessdevices (IADs) for building converged voice, video and data networks.Marconiwill acquire Mariposa Technology for $268 million.

"This acquisition is a natural extension of our `Service Edge' strategyand builds on our strong relationship with the management team of Mariposa,"said Mike Parton, chief executive officer of Marconi Communications."Integrating the Mariposa family of products into the Marconi portfolio willgive our customers access to a greater range of IAD solutions enabling thedeployment of new services over Marconi's network solutions."

http://www.marconi.com/news_events/press_releases/current/4821.html

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