Riverstone completes acquisition of Pipal Systems

By siliconindia   |   Tuesday, 07 January 2003, 20:30 IST   |    8 Comments
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SANTA CLARA: Metropolitan area networking pioneer Riverstone Networks, Inc. (Nasdaq:RSTN - News) Tuesday announced it has completed the acquisition of Pipal Systems, a Santa Clara, Calif.-based development stage networking company. Founded in 2001 by veterans of several leading networking companies, including Nortel Networks, Shasta Networks, and Redback Networks, Pipal Systems is developing a new generation of advanced Ethernet and MPLS technologies that are expected to bring enhanced network functionality and service creation capabilities to carrier, campus metro and other mission critical networks. Riverstone Networks provides solutions for metropolitan area networks, enabling carriers to convert raw bandwidth into profitable services. In more than 50 countries carriers operating many of the world's largest metropolitan area networks depend on Riverstone to create and reliably deliver profitable services over legacy and next-generation infrastructures.