M&A Deal Summary

Paradyne Networks Acquires Elastic Networks

On December 29, 2001, Paradyne Networks acquired communications company Elastic Networks

Acquisition Highlights
  • This is Paradyne Networks’ 1st transaction in the Communications sector.
  • This is Paradyne Networks’ 1st transaction in the United States.
  • This is Paradyne Networks’ 1st transaction in Georgia.

M&A Deal Summary

Date 2001-12-29
Target Elastic Networks
Sector Communications
Buyer(s) Paradyne Networks
Deal Type Add-on Acquisition
Advisor(s) Bowen (Financial)

Target

Elastic Networks

Alpharetta, Georgia, United States
Elastic Networks is a broadband leader in first-mile Ethernet access solutions, deploying its patented EtherLoop technology across a variety of products and high-speed multi-media applications.

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Buyer(S) 1

Buyer

Paradyne Networks

Largo, Florida, United States

Category Company
Founded 1969
Sector Communications
DESCRIPTION

Paradyne Networks, Inc. a leading provider of triple play broadband loop carriers (BLCs) and Ethernet access equipment.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2001 M&A 1 of 1