Ascend Communications

Last updated
Ascend Communications
Company type Public
ASND (Nasdaq) [1]
IndustryCommunications equipment
FoundersJay Duncanson, Rob Ryan, Steve Speckenbach, Jeanette Symons [2]
FateAcquired by Lucent Technologies in 1999 [1]
Headquarters,
Key people
Rob Ryan (CEO 1988-1995), [2] Mory Ejabat (CEO 1995-1999)
Number of employees
1,800 (1997) [1]
Website www.ascend.com

Ascend Communications was an Alameda, California-based manufacturer of communications equipment that was later purchased by Lucent Technologies in 1999.

Ascend Communications was founded in 1988 and taken public in 1994. Initial investors included Kleiner, Perkins, Caulfield and Byers (KPCB); Greylock Partners; and New Enterprise Associates (NEA). [2]

Ascend Communications designed and manufactured equipment for high-density dialup installations, most notably the MAX TNT, which allowed for a DS3 of dialup lines to be terminated in a few rack units. Customers such as AOL, Earthlink, Demon Internet, and UUnet purchased over two million dialup ports worth of MAX TNT access servers during the dialup days of the internet. Many companies still use MAX TNT for dialup (look for TNT in dialup hostnames). In the mid-1990s, the company was one of the leading vendors of ISDN modems and concentrators.

Ascend Communications also acquired several companies. In 1996, it acquired NetStar, an Eden Prairie, Minnesota-based publicly traded manufacturer of ultra-high-performance, switched backplane, backbone routers capable 16 Gbit/s throughput. In 1997, Ascend acquired Cascade Communications. Cascade designed and manufactured high-density carrier packet switches, including the B-STDX9000 frame relay switch and the CBX-500 and GX-550 ATM switches. The B-STDX and CBX/GX lines were the workhorses of most RBOC Frame Relay and ATM networks throughout the 1990s and into the 21st century.

In August 1998, Ascend bought Stratus Computers for $822 million in stock. [3] Stratus was primarily a maker of fault-tolerant computer systems but it owned a Service Control Point technology critical to the convergence of voice and data networks that Ascend valued. [4] The server business was sold off to private equity investors within months, following the Lucent deal. It now operates as Stratus Technologies.

The complete product suite made Ascend an attractive asset, and the company was acquired by Lucent Technologies in 1999. [5] The $24 billion merger was the largest technology merger in history up to that time. [6]

Ascend's stock traded under the Nasdaq symbol ASND.

Related Research Articles

Lucent Technologies, Inc. was an American multinational telecommunications equipment company headquartered in Murray Hill, New Jersey. It was established on September 30, 1996, through the divestiture of the former AT&T Technologies business unit of AT&T Corporation, which included Western Electric and Bell Labs.

<span class="mw-page-title-main">3Com</span> Former American maker of computer network products

3Com Corporation was an American digital electronics manufacturer best known for its computer network products. The company was co-founded in 1979 by Robert Metcalfe, Howard Charney and others. Bill Krause joined as President in 1981. Metcalfe explained the name 3Com was a contraction of "Computer Communication Compatibility", with its focus on Ethernet technology that he had co-invented, which enabled the networking of computers.

<span class="mw-page-title-main">Frame Relay</span> Wide area network technology

Frame Relay is a standardized wide area network (WAN) technology that specifies the physical and data link layers of digital telecommunications channels using a packet switching methodology. Originally designed for transport across Integrated Services Digital Network (ISDN) infrastructure, it may be used today in the context of many other network interfaces.

Automatic Electric Company was an American telephone equipment supplier primarily for independent telephone companies in North America, but also had a worldwide presence. With its line of automatic telephone exchanges, it was also a long-term supplier of switching equipment to the Bell System, starting in 1919. The company was the largest manufacturing unit of the Automatic Electric Group. In 1955, the company was acquired by General Telephone and Electronics (GT&E). After numerous reorganization within GTE, the company's assets came under the umbrella of Lucent in the 1990s, and subsequently part of Nokia.

<span class="mw-page-title-main">Stratus Technologies</span> American computer manufacturer

Stratus Technologies, Inc. is a major producer of fault tolerant computer servers and software. The company was founded in 1980 as Stratus Computer, Inc. in Natick, Massachusetts, and adopted its present name in 1999. The current CEO and president is Dave Laurello. Prior to 2022, Stratus Technologies, Inc. was a privately held company, owned solely by Siris Capital Group. The parent company, Stratus Technologies Bermuda Holdings, Ltd., was incorporated in Bermuda. In 2022, the company was acquired by Smart Global Holdings (SGH) and currently operates within SGH's Intelligent Platform Solutions (IPS) business.

<span class="mw-page-title-main">Cabletron Systems</span> US computer network equipment manufacturer

Cabletron Systems, Inc., was a manufacturer of networking computer equipment throughout the 1980s and 1990s primarily based in Rochester, New Hampshire, in the United States. They also had manufacturing facilities in Ironton, Ohio, and in Ireland.

<span class="mw-page-title-main">Sentient Networks</span>

Sentient Networks, Inc., was an American networking hardware company that manufactured of Asynchronous Transfer Mode (ATM) and Frame Relay concentrators and switches for central offices. Founded in 1995 in Sarasota, Florida, the company soon after moved to San Jose, California. It was acquired by Cisco Systems in 1999.

<span class="mw-page-title-main">Cascade Communications</span>

Cascade Communications Corporation was a manufacturer of communications equipment based in Westford, Massachusetts.

<span class="mw-page-title-main">Breakup of the Bell System</span> 1982 U.S. government action to end AT&T Corps monopoly over telephone services

The breakup of the Bell System was mandated on January 8, 1982, by a consent decree providing that AT&T Corporation would, as had been initially proposed by AT&T, relinquish control of the Bell Operating Companies, which had provided local telephone service in the United States. This effectively took the monopoly that was the Bell System and split it into entirely separate companies that would continue to provide telephone service. AT&T would continue to be a provider of long-distance service, while the now-independent Regional Bell Operating Companies (RBOCs), nicknamed the "Baby Bells", would provide local service, and would no longer be directly supplied with equipment from AT&T subsidiary Western Electric.

Riverstone Networks, was a provider of networking switching hardware based in Santa Clara, California. Originally part of Cabletron Systems, and based on an early acquisition of YAGO, it was one of the many Gigabit Ethernet startups in the mid-1990s. It is now a part of Alcatel-Lucent and its operations are being wound down via a Chapter 11 filing by their current owners.

Madge Networks NV was a networking technology company founded by Robert Madge, and is best known for its work with Token Ring. It was a global leader and pioneer of high-speed networking solutions in the mid-1990s, and also made significant contributions to technologies such as Asynchronous Transfer Mode (ATM) and Ethernet.

<span class="mw-page-title-main">Alcatel-Lucent</span> French global telecommunications equipment company

Alcatel–Lucent S.A. was a multinational telecommunications equipment company, headquartered in Boulogne-Billancourt, France. It was formed in 2006 by the merger of France-based Alcatel and U.S.-based Lucent, the latter being a successor of AT&T's Western Electric and a holding company of Bell Labs.

<span class="mw-page-title-main">Host Europe Group</span> London-based domain name registrar and web hosting company

Host Europe Group was an American-owned, European-located website hosting, email and domain name registrar company headquartered Hayes, West London. Founded as GX Networks in 1997, the company was renamed Pipex Communications plc following its takeover of Pipex in 2003. It reverted to the GX Networks name following its sale of Pipex in 2008 before being renamed Host Europe Group in 2009. It was acquired by American hosting company GoDaddy in 2017, and as of 2019 its name was in the process of being phased out.

Dialogic Group, Inc., formerly Dialogic Corporation, was an American multinational technology company headquartered in Parsippany, New Jersey, United States. Prior to its acquisition by Enghouse Systems of Ontario in 2020, it had operations operations in over 25 countries. Dialogic provided a cloud-optimized communications technology for real-time communications media, applications, and infrastructure to service providers, enterprises, and developers.

<span class="mw-page-title-main">Rob Ryan (entrepreneur)</span>

Rob Ryan is an American businessman and entrepreneur. He is best known as a co-founder and former CEO of Ascend Communications, which was ultimately acquired by Lucent Technologies. Ryan has authored two books with his lessons about startup companies.

<span class="mw-page-title-main">Ixia (company)</span> US computer networking company

Ixia was a public computer networking company operating in around 25 countries until its acquisition by Keysight Technologies Inc. in 2017. Ixia was headquartered in Calabasas, California and had approximately 1,750 employees.

<span class="mw-page-title-main">François Barrault</span>

François Barrault is a French business executive in the digital industry. He is chairman of the IDATE Digiworld Institute, and chairs the annual Digiworld Summit which takes place in November in Montpellier.

<span class="mw-page-title-main">FORE Systems</span>

FORE Systems was a computer network switching equipment company based in Pittsburgh, Pennsylvania. Founded in 1990 to supply Asynchronous Transfer Mode (ATM) cards for workstation computers, it soon branched out to become a major supplier in the ATM switch market and the extended those product lines to add Internet Protocol switching and other devices.

<span class="mw-page-title-main">Integrated Device Technology</span> U.S. semiconductor manufacturer

Integrated Device Technology, Inc. (IDT), was an American semiconductor company headquartered in San Jose, California. The company designed, manufactured, and marketed low-power, high-performance mixed-signal semiconductor products for the advanced communications, computing, and consumer industries. The company marketed its products primarily to original equipment manufacturers (OEMs). Founded in 1980, the company began as a provider of complementary metal-oxide semiconductors (CMOS) for the communications business segment and computing business segments. The company focused on three major areas: communications infrastructure, high-performance computing, and advanced power management. Between 2018 and 2019, IDT was acquired by Renesas Electronics.

References

  1. 1 2 3 "Ascend Communications, Inc. History". FundingUniverse. Retrieved June 9, 2019.
  2. 1 2 3 Ascend Communications, Inc., Initial Public Offering Prospectus (1994)
  3. Wilson, David (1998-08-04), "Ascend Confirms Stratus Purchase $822 Million Deal", San Jose Mercury News (Morning Final ed.), p. 1, ISSN   0747-2099 OCLC not provided due to there being multiple valid values.
  4. Herhold, Scott (1999-03-06), "Once A Predator, Now Willing Prey", Contra Costa Times (Final ed.), p. 1, ISSN   0192-0235, OCLC   232117480
  5. "Lucent Technologies completes merger with Ascend Communications -- names new leadership team for data networking efforts". Alcatel-Lucent (Press release). June 24, 1999. Archived from the original on February 11, 2015.
  6. Heskett, Ben (1999-01-13). "Lucent, Ascend in $24 billion merger". CNET. Archived from the original on 2015-06-05.