CNT Acquires Storage Switch Maker Inrange
Computer Networking Technology hopes having its own switch supplier will lead to lower manufacturing costs.Computer Networking Technology Corp. has acquired storage switch maker Inrange Technologies Corp. for $190 million in cash, officials announced Monday. CNT, a publicly owned Minneapolis company, will have lower manufacturing costs and, potentially, lower user prices by having its own switch supplier, officials said in a statement. "This is exactly what enterprise customers need as a partner in the complex decision-making, large-scale implementation and management of multivendor storage networking solutions," said Thomas Hudson, CNTs CEO, chairman and president.
"Inranges Fibre Channel switches, storage networking and wave division multiplexing products are a strong fit with CNTs Escon, SCSI and Fibre Channel-based IP and wide area network products, consulting, design, implementation and network monitoring," Hudson said.
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