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SupportSoft buys Core Networks

Tue, 08/31/2004 - 8:00pm
Staff

In a move that keeps consolidation very much alive in the OSS sector, SupportSoft Inc. has inked a deal to acquire the assets of Core Networks for $17 million. SupportSoft expects to close the deal by this September.

Canada-based software firm Core Networks makes a line of network monitoring, policy management, firmware upgrade management and remote management products for DSL and cable service providers.

SupportSoft said it will integrate Core's networking products with its own service management platform. The resulting product will push SupportSoft's agenda to support service automation for voice, video and data services.

The OSS sector, once rife with start-ups that specialized in particular areas, is very much in contraction mode. C-COR Inc. has been leading that trend in 2004, having already acquired two OSS specialists: Alopa Networks and Stargus Inc.

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