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NSGDatacom
Acquires Substantially All of the Advanced Switching Communications
Assets
HERNDON, VA
— July 8, 2002 — NSGDatacom (NSG) has purchased all
of Advanced Switching Communications’ (ASC) product lines, product
inventory and intellectual property, including its patent.
Richard Yalen, CEO
of NSG said, “I am excited about adding ASC’s products to
the NSG family of telecommunication equipment. The ASC access products
are carrier-class, and complement our existing product family with virtually
no overlap.”
Yalen added, “I
want to assure ASC customers that we intend to continue to sell and
support the ASC family of products.”
Dr. Graham King,
President and Chairman of the Board of NSG said, “The acquisition
of ASC is consistent with our strategy of obtaining data communication
products that enhance and complement our overall IP connectivity strategy”.
Over the past few
years the company has added a range of Internet security products and
IP connectivity enhancements to its core line of data switches and network
access products. In March 2002, NSG completed the acquisition of the
products and intellectual property of Nx Networks.
NSG is a privately
owned telecommunications company that manufactures, sells and supports
a wide range of industry leading voice and data communications products
for access, concentration, routing and switching in critical carrier
and enterprise applications. NSG completed the acquisition of the products
and intellectual property of Nx Networks and Advanced Switching Communications
in March 2002 and July 2002, respectively. NSG products are deployed
in over 100 countries worldwide. Customers include corporate, financial,
government and overseas telephone company networks. Additional information
about NSG can be found online at www.nsgdata.com or by calling 1 703
793 2002.
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