Alcatel-Lucent buys NetDevices, an enterprise telecom co.
Alcatel-Lucent has agreed to acquire NetDevices, a Sunnyvale, Calif. vendor of telecom services for enterprise companies.
Press release here. The amount was undisclosed.
NetDevices has raised about $48 million in funding from investors including Artiman Ventures, Columbia Capital, ComVentures and JumpStartUp Advisors.
Next Story: Only half of Bubble-era companies out of business
Previous Story: EProject raises $12M for Web-based collaboration product
