Aprisma Management Technologies, the network management software arm of the now defunct Cabletron, will in February become an independent company.
For the past year, Aprisma has been operating as an independent arm of Enterasys, which itself was spun out of Cabletron.
Enterasys yesterday announced it has set Feb. 13 as the date for distribution of Aprisma common stock. Feb. 5 will be the record date for the distribution. The distribution ratio, which will be finally established on the record date, is expected to be approximately .068 Aprisma shares for each Enterasys share, according to the companies.
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Aprisma officials say the company's independence will give customers more confidence that Aprisma software will work with hardware from Enterasys competitors, such as Foundry, Juniper and Extreme.
"Being stand-alone will reinforce for our customers that we will work with any new hardware or software that hits the streets," says Darren Orzechowski, Aprisma's vice president of marketing.
"We've been multi-vendor for years, but this will show more how open we are to partnering with all vendors."
Aprisma common stock is expected to begin trading independently on the NASDAQ under the symbol APRM on Feb. 13, 2002.
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