Motorola Acquires Quantum Bridge

Founded in 1998 in the middle of the fiber boom, Quantum Bridge raised more than $125 million in venture capital but had to cancel a planned IPO in 2001. In recent years, the company downsized from more than 300 employees to under 100 employees today.

"This acquisition complements Motorola's existing multiservice technology, enhancing the company's ability to offer a full-service access platform that broadband network operators can deploy today to deliver 'triple play' and next-generation advanced services," Motorola said in a statement.

Motorola did not disclose financial terms of the acquisition other than saying in an announcement Tuesday that it is "an all-cash transaction."

Quantum Bridge provides fiber to the premises, including fiber to both the home and business.

*This story courtesy of Techweb.com.