Endace to shed jobs under new owner Avago, risks having government grants clawed-back

Tue, 22 Sep 2015

By Fiona Rotherham Sept. 23 (BusinessDesk) - New Zealand-founded Endace, which develops technology that measures, monitors and protects high-speed networks, is understood to have laid off about two-thirds of its workers, a move that could potentially trigger claw-back provisions for government research and development funding. The company formed in 2001 to commercialise research out of University of Waikato, was sold for $154 million in 2012 to Californian networking solutions firm Emulex, which in turn, was sold in May to Nasdaq-listed A...

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