Business Services Industry
The new Proxim: YDI Wireless' acquisitions of Terabeam and Proxim led to the creation of a new company intent on remaking itself once again.(Business)
Wireless Week, November, 2005 by Smith, Brad
It was akin to the big fish being eaten by the little fish, and in this case the little fish has been growing with a healthy appetite. The little fish also keeps changing its stripes.
The little fish is YDI Wireless, a company without a big brand name but with an acquisitive nature. It started operating under the name Terabeam Wireless last year following its acquisition of that company.
The big fish was Proxim Corporation, which was purchased out of bankruptcy in July by Terabeam/YDI Wireless. Proxim had about 360 employees to start the year, compared to about 100 at YDI. The combined company now has about 290 employees, most of them from Proxim.
The story of Terabeam/YDI reads a little like a Russian novel because there are so many...
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