Tejas Networks Acquires Ethos Networks

Tejas Networks Ltd., has announced that it has acquired Ethos Networks, a high-technology company from Israel, specialising in Carrier Ethernet and Network management products. This deal is the first acquisition of an Israeli high-tech company by an Indian company.

Commenting on the deal, Sanjay Nayak, CEO & MD, Tejas Networks said, "This acquisition completes our portfolio in offering best-in-class, end-to-end multi-service solution for SDH/SONET, Carrier Ethernet and hybrid transmission architectures and a seamless Network Management Software (NMS) suite. Our new portfolio will enable our customers to deploy equipment that can concurrently support legacy services and packet services, and at the same time gracefully evolve to an all packet infrastructure of the future without any service disruption and costly rip-and-replace."

Eli Sananes, VP, Ethos Networks, who will be the General Manager of Tejas' Israel operations said, "Tejas Networks is a fast-growing, innovation-driven company that is counted amongst the leading optical networking companies in the world. We are extremely excited to be a part of Tejas Networks and look forward to contributing to their phenomenal growth in future."

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Ethos Networks has been acquired through a cashless transaction. The existing workforce of Ethos will be integrated with the Tejas Networks' global workforce.