Tut Takes On CoSine
Tut manufactures a range of telecom equipment, including video trunking, digital TV, and broadband subscriber management devices. But, on a conference call this morning, Tut Systems execs said that the merger was not about getting hold of CoSine’s technology.
”That was not the primary reason for doing the deal,” according to one exec. Instead, the merger is all about "additional financial resources” netting Tut Systems around $22.75 million of CoSine's cash.
Read the complete story at Next-Gen Data Center Forum.
— James Rogers, Site Editor, Next-Gen Data Center Forum