CRN Deal Tracker, Week of July 10, 2006
Here's a snapshot of merger-and-acquisition activity in the IT channel during the previous week:
Target: Meetinghouse Data Communications Inc.
Buyer: Cisco Systems Inc.
Date: July 6, 2006
Deal Status: Announced
Channel Significance: Vendor with partner program
The latest in a string of Cisco acquisitions, this one is expected to close by the end of October. Meetinghouse's client side 802.1X supplicant security software will be integrated into the Wireless Networking Business Unit of Cisco.
Target: T2 Supply
Buyer: ScanSource Inc.
Date: July 3, 2006
Deal Status: Closed
Channel Significance: Distributor
Distributor ScanSource has expanded its presence in the videoconferencing and telephony product space with the cash acquisition of T2 Supply, heretofore the largest volume distributor for Polycom. T2 also carried Plantronics products.
Target: iPath Technologies Inc.
Buyer: Solunet Inc.
Date: July 5, 2006
Deal Status: Closed
Channel Significance: Solution provider
Solunet, a network solutions provider to tier II and III telecom and ISP companies, has acquired Reston, Va.-based iPath, also a network solutions provider for ISPs, enterprises and government. The financial terms of the deal were not disclosed.
Target: Phoenix Technologies Ltd.
Buyer: Ramius Capital Group LLC
Date: July 5, 2006
Deal Status: Announced
Channel Significance: Vendor with partner program
Ramius has offered to add Phoenix to its portfolio of investments for a consideration of $5.05 per share in cash. Phoenix develops, deploys and supports core system software (CSS), tools and applications worldwide and has a broad partner base. Its products include Phoenix TrustedCore, the FirstBIOS product family and Phoenix Recover.