Lucent is expected to later today announce its plans to purchase International Network Services for $3.7 billion, according to published reports.
Lucent has been gradually building up its presence in the data network and professional services markets. In June, the vendor said it would purchase privately-held Nexabit Networks, a company that makes switching and routing equipment for IP WANs for over $900 million.
Also in June, Lucent completed its more than $20 billion acquisition of Ascend, which specializes in WAN core switching and data networking equipment for customers including telecom carriers and ISPs.
INS plans, designs and installs computer networks, as well as developing software for data networks. The publicly traded company was founded in 1991, and has offices in North America and Europe. Neither Lucent nor INS could be immediately reached for comment.
In the fiscal year ended June 30, INS reported revenue of $315.1 million and net income of $32.2 million, excluding a one-time acquisition charge in the second quarter, according to information on the company's Web site.
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