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Lucent Technologies Acquires Quadritek Systems, Enhancing Its IP Network Administration Software Portfolio

Strategic Insights

— 1 min read

Lucent Technologies, a leading provider of communications and networking solutions, has acquired Quadritek Systems, Inc., a privately-held developer of highly-reliable, next-generation Internet Protocol (IP) network administration software solutions. The acquisition adds Quadritek's leading products to Lucent's portfolio, enabling the company to simplify network management and administration for enterprises and service providers. The purchase is expected to fuel Lucent's strategy to address the data networking business and improve data networking performance.

Key Takeaways:

  • Lucent has acquired Quadritek Systems, Inc., a developer of IP network administration software solutions, for approximately $50 million in cash.
  • Quadritek's products configure and automate the administration of global IP networks, with over 400 customers worldwide.
  • The acquisition will enhance Lucent's portfolio, enabling the company to simplify network management and administration for enterprises and service providers.
  • Quadritek's technology is based on industry-standard IP protocols, including Dynamic Host Configuration Protocol (DHCP) and Domain Name Service (DNS).
  • The company's leading product, QIP, delivers network-wide control of IP address and name assignments while enabling distributed, local administration of tasks.
  • John and Tom Kapur, Quadritek's chairman and chief technology officer, and Joe D'Andrea, Quadritek president, will join Lucent and continue to lead the IP address management team.
  • The purchase is expected to result in a one-time charge against earnings, with an accounting writeoff assigned to in-process research and development.
  • Excluding the one-time charge, the impact of the purchase to earnings is expected to be immaterial.

Statistics:

  • Lucent has acquired approximately 70 employees from Quadritek Systems.
  • Quadritek's solutions are sold through Value Added Resellers (VARs) and systems integrators in North America and over 17 countries worldwide.
  • Lucent has enhanced its portfolio with the acquisition, adding leading products in IP network administration software.
  • The company's strategy to address the data networking business includes intelligent switching, access, and network management products.

Sources:

  • "Lucent Technologies Acquires Quadritek Systems, Enhancing Its IP Network Administration Software Portfolio." PR Newswire, October 6, 1998.
  • "Lucent Technologies (www.lucent.com)." Lucent Technologies Official Web Site.
  • "Quadritek Systems (www.quadritek.com)." Quadritek Systems Official Web Site.

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