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Back in the mid-1980s, Timeplex Inc. was the leading supplier of the hottest wide-area technology of the times: the networking T1 multiplexer.
Unisys Corp. liked the company so much, it bought it for more than $330 million nearly 10 years ago but Unisys' computer business fell on hard times and, subsequently, so did Timeplex's T1 multiplexers.
Newcomers such as Network Equipment Technologies Inc. and Newbridge Networks Inc. had products that were easier to manage and less expensive. But the decline of the T1 multiplexer coincided with the advent of routers and frame relay switches.
Timeplex was sold in 1991 to Ascom Holdings, a Swedish company, and seemed to vanish from the front lines of data networking. But in January, Ascom sold Timeplex to investment firm The Schroder Group and new managers are trying to restore some of the luster to the 30- year-old vendor, now called The TimePlex Group.
Earlier this month, TimePlex bought Simulation Laboratories Inc. (SLI), a company that develops ATM products for the...