Wednesday, April 29, 2009

Acme Packet Acquires Covergence for Software SBCs

Acme Packet has acquired privately-held Covergence, a supplier of software-based session border controllers (SBCs), for approximately $22.8 million, consisting of approximately $22.2 million of Acme Packet common stock and an aggregate of $0.6 million in cash payments to stockholders of Covergence and tax withholding payments.

Covergence, which is based in Maynard, Massachusetts, supplies SBC functionality as hardened Unix-based software for Intel x86-class servers. Applications include VoIP/IP telephony, Unified Communications and Service-Oriented Architecture (SOA) applications within global 1000 enterprises.

Acme Packet said Covergence's products complement its existing Net-Net family of custom hardware-based SBCs by extending the low-end product range to address the needs of small and remote enterprise locations. The Covergence acquisition will also add four of the Fortune 25 to Acme Packet's growing base of enterprise customers.