Starent Networks Snapshot
Starent Networks makes networking equipment used mainly by wireless carriers in North America to enable enhanced voice and data services, including video, multimedia messaging, and VoIP. Its hardware and software are designed as an alternative to the combination of routers, switches, and servers that carriers use to upgrade their networks. The company markets directly and through distributors, other manufacturers, and systems integrators worldwide. Customers include Sprint Nextel and Verizon Wireless. In 2009 Cisco acquired Starent for about $2.9 billion in cash. The company will become Cisco's Mobile Internet Technology Group, led by Starent CEO Ashraf Dahod, and part of Cisco's Service Provider Business.