LONDON Network Technology has acquired from the receiver certain assets of Madge, the Token-Ring PC card and switch manufacturer.
Madge (Maidenhead, U.K.) is a supplier of Token-Ring LAN products to a number of large enterprises and government organisations and there are over 15 million token ring nodes installed worldwide. NT has acquired the rights and copyright to Madge’s products (principally its Token-Ring and wireless networking technology), its brand name and website as well as the remaining inventory.
The products will be sold through NT’s wholly owned subsidiary Ringdale, making it the world’s largest Token-Ring provider. It is estimated that the acquisition of Madge could add approximately $1million to Ringdale’s annual revenues over the next 12 months.
Although Token-Ring products are becoming a legacy technology, NT says Madge’s customers will be able to benefit from Ringdale’s Consultancy expertise in advising on the transfer to the latest networking technology.
Klaus Bollmann, Chief Executive of NT, said, “Madge has a high quality customer base, which will complement Ringdale’s, and will provide opportunities for Ringdale’s FollowMe printing products and other new technology solutions.”