DASAN Networks, Inc. is a Korea-based company engaged in the provision of network equipment. The Company mainly provides switches and digital subscriber line (xDSL) solutions, which enable wire-speed transmissions required for managing high-density data switching applications; fiber to the X (FTTx) solutions, which enable service providers to deliver bandwidth solutions; triple play services (TPS) devices, including Internet protocol (IP) set-top boxes (STBs), wireless fidelity (Wi-Fi) phones, desktop phones and IP phones, as well as gigabit Ethernet line cards, software and others. On March 22, 2011, the Company acquired a 50% stake in a Korea-based company, mainly engaged in the development and sale of communication apparatus. On July 5, 2011, the acquired a 100% stake in HandySoft Corp., mainly engaged in the development and supplying of software.