EDITOR'S NOTE

Good morning,

Nortel's layer 4-7 business is now in the hands of Radware after an agreement was reached today.

Products, inventory and IP will all come across along with "certain tangible assets and service contracts".

It's good news for customers of the application delivery business, given it means stability, and it looks like some Nortel employees might also be saved by the transfer as well.

-- Ry Crozier

TODAY ON ITNEWS

By Ian Williams | February 21, 2009

Radware has reached an asset purchase agreement to acquire Nortel's Layer 4-7 application delivery business after months of speculation around the fate of the embattled networking firm.

By Nick Gray | February 21, 2009

New IT initiatives rarely deliver unless they dovetail with overall business strategy, writes UPS IT director Nick Gray.

By Phil Muncaster | February 21, 2009

More than half of companies are likely to establish online communities to help them with their CRM initiatives by next year, but poor management may cause many of these projects to backfire, according to Gartner.

By Rosalie Marshall | February 21, 2009

SAP has acquired Coghead, a company that enables developers to build cloud applications without code, for an undisclosed amount.

By Angelica Mari | February 21, 2009

Budget airline Ryanair is rolling out in-flight technology to allow the use of mobile phones on its services within Europe.

By Phil Muncaster | February 21, 2009

Novell today announced two new acquisitions designed to extend its identity and access management capabilities.

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