Newfound Buys C-COR’s ‘DV6000’ Line

1/13/2006 4:38 AM Eastern

Newfound Technology Inc. will acquire the assets and intellectual property of C-COR Inc.’s “DV6000” product line under terms of an agreement announced Friday.

The companies said the transaction is subject to negotiation and execution of a definitive purchase agreement, as well as customary closing conditions, and they expect it to be completed in the third quarter of C-COR's fiscal-year 2006.

“The DV6000 is a proven product line that makes an excellent addition to our rapidly growing family of video-systems solutions," Newfound president Richard Dellacanonica said in a prepared statement.

"Combining the DV6000 technology with the ‘DigiLink’ and ‘MegaWav’ video-transport products under our Artel Video Systems division gives us one of the largest video-over-fiber-transport portfolios in the world,” he added. “This acquisition is key to our strategy of becoming a leading supplier of broadcast-quality video-transport solutions.”