Equant opens new facility
Global voice and data services company Equant has consolidated its four Sydney offices into one central location in Botany. Equant previously ran offices in Sydney's George St, Pitt St, and the suburbs of Surry Hills and Chatswood. The new 10,000 square metre facility in Botany will now house the company's Australian marketing and sales division, and local and customer service team, as well as a global provisioning centre and customer service team for Equant customers throughout the Asia-Pacific region. Equant's hosting centre, opened in July 2001, will remain in North Ryde. New South Wales Premier Bob Carr opened the new facility.
Hotkey continues to buy
ISP franchise group Hotkey continues to acquire small ISPs, snapping up Queensland's Caboolture Networks. The 1000 Caboolture network subscribers all reside in the region immediately North of Brisbane. They have thus been rolled into Hotkey's franchise in Caboolture, which is owned and operated by Mike Marsh. A subsidiary of US-based Primus, Hotkey buys up small ISPs and sets them up as branded franchise operations. "There are quite a number of other smaller ISPs that we are seriously looking at acquiring," said Hotkey managing director Campbell Sallabank.
Cisco snaps up startups
Cisco Systems has pulled the trigger on two acquisition targets, buying network software startup Hammerhead Networks for stock worth up to $US173 million, and circuit design firm Navarro Networks for stock worth up to $85 million. Two other undisclosed companies in which Cisco has invested may also be added to the networking company's portfolio soon. Hammerhead Networks makes software to speed up billing, and security and quality-of-service features for IP (Internet protocol) networks without degrading network performance. Navarro Networks develops ASIC (application-specific integrated circuit) components for the Ethernet market.