Radware (s RDWR), a maker of application delivery equipment, wants to buy a business unit of bankrupt gear maker Nortel Networks (s NT). The unit in question is known as Alteon; it makes application switching and WAN optimization products for the data center. Nortel bought Alteon for $7 billion back in 2000. Light Reading reports the Radware bid may be closer to $50 million.
Wireless area network optimization and application delivery, which provide visibility into networks, are becoming more relevant in data centers as software as a service and cloud computing becomes more accepted. Venture firms are investing in the space, and it looks like Radware would like to as well. Because Nortel filed for bankruptcy protection earlier this year, any deal would have to go through the bankruptcy court approval process.