Alternatively, the company could be streamlining its operations for a possible acquisition, since the market for networking IPOs is dismal at best. Furthermore, much of Unisphere's voice technology was sold through a sales agreement with Siemens, according to analysts.īy turning its voice business over to Siemens, Unisphere may be further cleaning up its books for a public offering of stock that is still on file with federal regulators despite the downturn in technology spending. The company claims it registered an 18 percent increase in revenue for its most recent quarter over the previous year.Ī Unisphere representative declined to break out sales numbers for the voice business, but the company's routing division brings in most of its revenue-$52 million for its most recent quarter, according to the company. Undaunted by the presence of larger rivals Cisco Systems and Juniper Networks in the market, Unisphere has rapidly gained market share in the niche, continuing to post impressive growth amid a sharp downturn in technology spending among both types of customers. Unisphere has quickly become a competitive provider of "edge" routers for service providers and corporations.
The pact will be finalized this quarter, according to the companies. Germany-based Siemens will then integrate the group with its Information and Communications (IC) Networks division. Under terms of the deal, privately held Unisphere will spin off its voice networking business to its parent and largest shareholder Siemens. Unisphere Networks announced Thursday that it has shed its voice technology businesses to focus on its bread and butter: Internet routers.
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