Telefonaktiebolaget LM Ericsson has agreed to acquire Redback Networks, a maker of carrier edge routers, for US$2.1 billion. Redback, in San Jose, Calif., makes routers for delivering voice, video, data and mobility services at the outer edge of carrier networks. It will become a wholly owned subsidiary of Ericsson, the Swedish telecommunications giant, but will retain its management team, it said in a statement.Carriers that once delivered simple DSL Internet access are now delving into voice over IP, video and other services. As a greater variety of carrier services is delivered via IP networks, the devices closest to end users who consume those services have a more complex job to do. Founded in 1996, Redback has beaten some bigger rivals by focusing on multiservice router technology. After the acquisition, which is expected to close in early 2007, the company will accelerate its product development and gain global reach and financial resources, Redback said. Kevin DeNuccio, Redback’s president and chief executive officer (CEO), will report to a management board led by Ericsson President and CEO Carl-Henric Svanberg. Ericsson will make a tender offer for all outstanding shares of Redback stock at $25 per share. Before the deal was announced Tuesday, Redback (RBAK) shares on the Nasdaq had closed for the day at $21.17. -Stephen Lawson, IDG News Service (San Francisco Bureau) Related Link: Ericsson Trials Biodiesel to Power Mobile NetworksCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content opinion Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security feature LexisNexis rises to the generative AI challenge With generative AI, the legal information services giant faces its most formidable disruptor yet. That’s why CTO Jeff Reihl is embracing and enhancing the technology swiftly to keep in front of the competition. By Paula Rooney Dec 01, 2023 6 mins Generative AI Digital Transformation Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe