Redline adds LTE with $2M acquisition of PureWave Networks

TORONTO – Wireless network provider Redline Communications has agreed to buy California-based PureWave Networks for $2 million in a deal that will allow it to add LTE-based capabilities to its suite of network solutions, the company announced Tuesday.PureWave Networks is a privately held wireless technology company located in Santa Clara, California. Redline said that it will be acquiring all of PureWave's assets, including their technology IP and patents, and will also extend offers of employment to a number of its employees. These new employees will be integrated into Redline Innovations Group, a U.S.-based subsidiary of Redline Communications Group Inc.“LTE had...