Trapeze acquires Newbury for wireless location pinpointing
Trapeze Networks, a Pleasanton, Calif.-based provider of wireless network equipment and management systems, announced that it has bought Newbury Networks, a firm that specializes in wireless asset tracking. Trapeze hopes the acquisition will help it expand its product portfolio.
Newbury, headquarted in Pasadena, Calif., will remain an independent entity within Trapeze and retain all 16 of its employees. In the past, it has helped manage the transport of health care equipment, as well as supply chain services for Apple, Hewlett-Packard and the National Security Agency.
Trapeze is owned by cable provider Belden, which bought it in June for $133 million. Its past investors include Juniper Networks, Nortel, Oak Investment Partners, Accel Partners and Redpoint Partners.
Next Story: Paymo lets you buy social-network knickknacks on your phone
Previous Story: DotBlu snags $2M for gaming social network
About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.