Thursday, March 20, 2008

EDS acquires assets of UK-based Nexagent

By Pegasus News wire

PLANO — EDS today announced it has acquired the assets of Nexagent, a Reading, UK-based provider of innovative hardware and software solutions for network service provisioning and advanced IP-based services across multi-network environments. Financial terms of the transaction were not disclosed. The transfer of assets is effective immediately.

Photo not provided by EDS, Nexagent

Nexagent's original idea for the new post-merger logo was shot down

Nexagent, founded in July 2000, is a developer of software tools that enable carriers, systems integrators and virtual network operators to automate and accelerate the design, provisioning and management of a client's IP VPN (Virtual Private Network). This capability is particularly valuable when the network connection spans multiple carriers and multiple regions.

"With the software, resources and technology of Nexagent, EDS will reduce connection expense and provisioning time for migrating clients onto the EDS network," said EDS Ray Thietten, vice president, Global Network Services. "Our clients rely on EDS for mission-critical functions to run their businesses. Acquiring these advanced technologies allows EDS to drive even greater operational efficiencies and improve service quality."

"We are pleased to have the opportunity to join with EDS, the global IT services leader, and merge our advanced networking technologies with the EDS Global Services Network," said Royce Murphy, Nexagent's CEO. "I am confident that with the addition of Nexagent's talented workforce and intellectual capital, EDS will continue to improve its already outstanding service quality and drive even more quickly toward its 'Zero Outages' goal."

Under the terms of the acquisition, current Nexagent employees will become employees of EDS, reporting into EDS' Global Network Services organization, EMEA centre, located in Stockley Park, UK.

Source: EDS

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• Economics > Mergers & Acquisitions
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