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Cascade made a compact Frame Relay system. This system allowed Service providers to deliver ATM -based Frame Relay service in an efficient and cost-effective package. Their most important direct competitor was StrataCom , which was acquired by Cisco Systems in 1996 for US $4B. In 1997 , Ascend Communications acquired Cascade Communications for US $3.7 Billion, to move into ATM and Frame Relay markets. Ascend was later acquired by Lucent Technologies in 1999 in one of the largest mergers in communications equipment history (US $24 Billion). The Cascade portion of Ascend's business was more interesting to Lucent than the modem termination business that comprised the rest of Ascend. Cascade was founded by Desh Deshpande in 1990, and was led by CEO Dan Smith. They profited handsomely, as did hundreds of Cascade employees. In addition, Cascade was notable for invigorating the telecommunications startup culture in Massachusetts in the mid 1990s. Cascade alumni were founders or key contributors to many other financially successful telecom companies:
the height of the telecom bubble.
Castle Networks and Redstone, was bought by Siemens to form Unisphere.
Unisphere, and its product line lives on after Juniper bought Unisphere.
by Lucent.
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