Here’s me predicting that NEC would acquire Nortel to get a major footprint into the market, and NEC goes an gets a minor footprint in the North American Market with the acquisition of Sphere Communications:
Because it is still relatively new, the IP communications marketplace continues to experience a good deal of fluctuations and jockeying—often involving mergers and acquisitions. The latest moment in this ongoing drama occurred this week with NEC Corp. announcing its acquisition ofSphere Communications
They acquired Sphere for $42M which is significantly less than the $50M they have raised in VC funding. What this means that the VCs had been looking for an exit and managed to get one. You can read more here.
