Effnet Takes Licensing Route

Company is phasing out of the hardware business

September 26, 2000

1 Min Read

STOCKHOLM -- Effnet today announced a strategic transition to full licensing of its award-winning IP packet-processing algorithms and modules. This strategy - implemented by Effnet Group AB's recently appointed CEO Tony Svensson - will phase the company out of the hardware business, its secondary line of business, and allow Effnet to focus on licensing its performance enabling IP processing technology worldwide. Effnet has signed several licensing agreements with key network processor component manufacturers in North America and Europe during the past year.

Effnet today signed an MOU (memorandum of understanding) with Ingram Micro AB - and is negotiating with select other companies - to transfer the manufacturing, distribution and support of the standard component, firewall/router systems that are based on Effnet's proprietary IP-packet processing technology. "The synergies are considerable," said Thomas Norrby, Ingram Micro's Vice President of Sales. "With Effnet's technology and Ingram's logistics and market presence, we are creating a new model for success."


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