GENBAND will acquire substantially all assets of the Nortel Carrier VoIP and Application Solutions Business. The acquisition is subject to court and certain regulatory approvals in Canada, the United States and other jurisdictions, as well as other closing conditions.

The acquisition will combine GENBAND’s next-generation media, session and security gateway technologies and Nortel’s softswitch, media gateway and application technologies, offering service providers a best-in-class, end-to-end switching and global services portfolio.

Once the transaction is approved by the courts and closed, GENBAND will have enhanced its research and development, sales, and support operations spanning the globe. The company will have products deployed with over two-thirds of the world’s top 100 service providers and will cover broad markets including fixed, mobile, cable and broadband operators. GENBAND will continue its commitment to existing business partnerships with plans to expand product, service and support relationships following the close of the Nortel CVAS transaction.

GENBAND has teamed with One Equity Partners and other existing shareholders to secure the Nortel assets.