• United States

WireOne sheds equipment unit

Jun 12, 20031 min
Data Center

Wire One it will sell off its equipment group to Gores Technology Group in deal that nets WireOne $22 million in cash. Gores is the same company that acquired Forgent’s hardware division back in January. Wire One wants to concentrate on its GlowPoint videoconferencing network. It’s equipment group has some 3,000 current customers and 22,000 installed videoconferencing systems, according to reports. The deal still has to be approved by WireOne shareholders.