Showing posts with label Mergers and Acquisitions. Show all posts
Showing posts with label Mergers and Acquisitions. Show all posts

Tuesday, September 11, 2018

Renesas to acquire Integrated Device Technology for $6.7 billion

Renesas Electronics Corporation of Japan has agreed to acquire Integrated Device Technology (IDT, NASDAQ: IDTI) for approximately US$6.7 billion (approximately 733.0 billion yen at an exchange rate of 110 yen to the dollar), combing two recognized leaders in embedded processors and analog mixed-signal semiconductors. IDT shares are to be acquired at a price of US$49.00 per share.

IDT, which is based in San Jose, California, is a leading supplier of analog mixed-signal products, including sensors, connectivity and wireless power. Renesas is the leading global supplier of microcontrollers, and a leader in analog & power and SoC products. The acquisition will provide Renesas with analog mixed-signal capabilities in embedded systems, including RF, advanced timing, memory interface & power management, optical interconnect, wireless power, and smart sensors.

The combination of these product lines with Renesas’ advanced MCUs and SoCs and power management ICs enables Renesas to offer comprehensive solutions that support the increasing demand of high data processing performance.

Renesas said it is working to expand its analog solution lineup and to strengthen its kit solution offerings that combine its microcontrollers (MCUs), system-on-chips (SoCs) and analog products. The company's focus domains include: the automotive segment, which is expected to see tremendous growth with autonomous driving and EV/HEV; industrial and infrastructure segments, which are expected to advance with Industry 4.0 and 5G wireless communications, as well as the fast-growing IoT segment.

"This acquisition will bring us complementary, market-leading analog mixed-signal assets and an incredibly talented group of professionals to help us boost our embedded solution capabilities," said Bunsei Kure, Representative Director, President and CEO of Renesas. “IDT’s products combined with our MCUs, SoCs and power management ICs will enable Renesas to widen its product offerings as well as to expand its reach into areas such as the growing data economy-related space.”

“The combination of Integrated Device Technology’s analog mixed-signal leadership with Renesas’ world-leading microcontroller and automotive/industrial franchise creates a new global powerhouse,” said Gregory L. Waters, President and CEO of IDT. “The Combined company will possess the key capabilities that customers in the modern data economy demand.”

Renesas to Acquire Intersil for $3.2 Billion

Renesas Electronics Corporation agreed to acquire Intersil for US$22.50 per share in cash, representing an aggregate equity value of approximately US$3.2 billion (approximately 321.9 billion yen at an exchange rate of 100 yen to the dollar).

Renesas supplies microcontroller (MCU) and system-on-chip (SoC) products and technologies.  Intersil specializes in power management and precision analog capabilities.

The acquisition is also expected to expand Renesas’ product portfolio, particularly for analog devices, where the market is expected to increase by approximately US$3.9 billion by 2020.

IDT launches High Baud Rate Linear Driver for 400G/600G


Integrated Device Technology (IDT) introduced its new GX76470 64G linear driver, in die form, for optical integrated modules, for 400G/600G coherent applications. The driver is designed for OIF defined, highly integrated optical sub-assembly modules such as the HB-CDM (High Bandwidth Coherent Driver Modulator) and IC-TROSA (Integrated Coherent Transmitter-Receiver Optical Sub-Assembly) which enable miniaturization of optical transceiver modules...

IDT develops 64G Linear Driver for Coherent Optical


Integrated Device Technology introduced a 64 Gbaud quad-channel linear optical modulator driver in a 14mm x 9.1mm Surface Mount Technology (SMT) package for 400G/600G coherent applications. The device can be used in line cards and CFP2 pluggable modules to bring next-generation 400G/600G products to the coherent market. The IDT GX66473 supports 64Gbaud 16QAM and 64QAM to address the needs of both 400G and 600G systems, and has differential input...

IDT to acquire GigPeak for $250m for Optical Interconnects

Integrated Device Technology (IDT) of San Jose, California and GigPeak, a supplier of semiconductor ICs and software for high-speed connectivity and video compression over the network and in the cloud, announced that they have signed a definitive agreement for IDT to acquire GigPeak for $3.08 per share, or approximately $250 million, in cash, representing a premium of approximately 22% to GigPeak's closing share price on February 10th.

Under the terms of the merger agreement, IDT will launch a tender offer to acquire all of the issued and outstanding common stock of GigPeak for $3.08 per share. The boards of directors of both companies have unanimously approved the terms of the agreement and the GigPeak board has resolved to recommend that stockholders accept the offer.

The combination of IDT and GigPeak is projected to add approximately $16 million of quarterly revenue at a 70% non-GAAP gross margin and to be accretive to earnings in first full quarter following closing of the transaction.

The acquisition of GigPeak will provide IDT with an optical interconnect product line and technology business that is complementary to its established position as a supplier of real-time interconnect products. More specifically, the combination is expected to extend IDT's leading position as a supplier of communications and cloud data centre products

Monday, September 10, 2018

Intel acquires NetSpeed Systems for interconnect fabric expertise

Intel has acquired NetSpeed Systems, a start-up based in San Jose, California, for its system-on-chip (SoC) design tools and interconnect fabric intellectual property (IP). Financial terms were not disclosed.

Intel said NetSpeed’s highly configurable and synthesizable offerings will help it more quickly and cost-effectively design, develop and test new SoCs with an ever-increasing set of IP.

NetSpeed provides scalable, coherent, network-on-chip (NoC) IP to SoC designers. NetSpeed’s NoC tool automates SoC front-end design and generates programmable, synthesizable high-performance and efficient interconnect fabrics. The company was founded in 2011.

The NetSpeed team is joining Intel’s Silicon Engineering Group (SEG) led by Jim Keller. NetSpeed co-founder and CEO, Sundari Mitra, will continue to lead her team as an Intel vice president reporting to Keller.

“Intel is designing more products with more specialized features than ever before, which is incredibly exciting for Intel architects and for our customers. The challenge is synthesizing a broader set of IP blocks for optimal performance while reining in design time and cost. NetSpeed’s proven network-on-chip technology addresses this challenge, and we’re excited to now have their IP and expertise in-house,” stated Jim Keller, senior vice president and general manager of the Silicon Engineering Group at Intel.

Tuesday, September 4, 2018

Ericsson to acquire CENX for service assurance

Ericsson agreed to acquire CENX, a privately-held company that offers a hyper-scale service assurance platform across virtual and hybrid networks. Financial terms were not disclosed.

CENX, founded in 2009, is headquartered in Jersey City, New Jersey. The company achieved significant year-over-year revenue growth in the fiscal year that ended December 31, 2017. CENX employs 185 people.  Ericsson has held a minority stake in CENX since 2012.

Ericsson said the acquisition will boost its Operations Support Systems (OSS) portfolio with vendor-agnostic service assurance and closed-loop automation capability, including in NFV and orchestration.

Mats Karlsson, Head of Solution Area OSS, Ericsson, says: “Dynamic orchestration is crucial in 5G-ready virtualized networks. By bringing CENX into Ericsson, we can continue to build upon the strong competitive advantage we have started as partners. I look forward to meeting and welcoming our new colleagues into Ericsson.”

Closed-loop automation ensures Ericsson can offer its service provider customers an orchestration solution that is optimised for 5G use cases like network slicing, taking full advantage of Ericsson’s distributed cloud offering. Ericsson’s global sales and delivery presence – along with its strong R&D – will also create economies of scale in the CENX portfolio and help Ericsson to offer in-house solutions for OSS automation and assurance.

Ed Kennedy CEO, CENX says: “Ericsson has been a great partner – and for us to take the step to fully join Ericsson gives us the best possible worldwide platform to realize CENX’s ultimate goal – autonomous networking for all. Our closed-loop service assurance automation capability complements Ericsson’s existing portfolio very well. We look forward to seeing our joint capability add great value to the transformation of both Ericsson and its customers.”

  • CENX was co-founded in 2009 as a Carrier Ethernet Neutral Exchange by Mr. Nan Chen, who is also the founder and president of MEF.
  • Previous investors in CENX have included BDC Capital, Mistral Venture Partners, VMware, Highland Capital Partners, Mesirow Financial Private Equity Inc., Verizon Ventures, a subsidiary of Verizon Communications, Ericsson, DCM Ventures, and Cross Creek Advisors.

CENX lands Tier 1 European contract for service assurance

CENX announced a contract to provide its hyper-scale service assurance platform to a globally recognized European Tier 1 operator.  CENX's hyper-scale service assurance platform enables closed-loop assurance automation across virtual and hybrid networks.

Under the contract, CENX will support the launch of new digital services and business models across fixed, wireless and data center infrastructure. CENX will enable the operator to assure and monitor its physical and cloud network assets within a single-pane while enabling closed-loop automation to better manage increasing complexity.



Friday, August 24, 2018

Broadcom gains HSR approval for CA Technologies acquisition

Broadcom announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired with respect to the proposed acquisition of CA Technologies (NASDAQ: CA).

Expiration of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending transaction, which was announced on July 11, 2018.

Broadcom believes it will be able to complete the merger in the fourth calendar quarter of 2018.

Broadcom to acquire CA Technologies for $18.9 billion

Broadcom agreed to acquire CA Technologies (NASDAQ: CA) for $44.50 per share in cash, representing an enterprise value of $18.9 billion -- a premium of approximately 20% to the closing price of CA common stock on July 11, 2018.

CA, which was founded by Charles Wang and Russell Artzt in 1976 and formerly known as Computer Associates,  is one of the world's leading providers of information technology (IT) management software and solutions. The company is based in New York City and is primarily known for its B2B mainframe, distributed computing, and enterprise software.

Broadcom notes that CA benefits from predictable and recurring revenues with the average duration of bookings exceeding three years.

Hock Tan, President and Chief Executive Officer of Broadcom, said, "This transaction represents an important building block as we create one of the world's leading infrastructure technology companies. With its sizeable installed base of customers, CA is uniquely positioned across the growing and fragmented infrastructure software market, and its mainframe and enterprise software franchises will add to our portfolio of mission critical technology businesses. We intend to continue to strengthen these franchises to meet the growing demand for infrastructure software solutions."

Tuesday, August 21, 2018

Pure Storage acquires StorReduce for cloud-optimized deduplication

Pure Storage has acquired StorReduce, a start-up based in Sunnyvale, California that offers a cloud-first software-defined storage solution for managing large scale unstructured data. StorReduce's cloud-optimized technology reduces storage and bandwidth costs, enabling flash plus cloud solutions across a variety of use cases, including data tiering, migration, and protection.

Pure Storage said the acquisition adds sophisticated deduplication technology to its object storage portfolio, enabling it to expand its public cloud integrations to meet the growing demand to manage unstructured data in multi-cloud environments.

"The StorReduce team has built an incredibly exciting technology that has the opportunity to make a major impact on next-generation storage architectures," said Charles Giancarlo, Pure Storage CEO. "Together, we will help customers execute on data-centric architectures that bridge seamlessly from on-prem to cloud."

Thursday, August 2, 2018

Cisco pays $2.3 billion for Duo Security and multi-factor authentification

Cisco agreed to acquire Duo Security, a start-up based in Ann Arbor, Michigan, for $2.3 billion in cash and assumed equity awards.

Duo Security specializes in unified access security and multi-factor authentication delivered through the cloud. Duo Security's solution verifies the identity of users and the health of their devices before granting them access to applications.

Cisco said the acquisition enables it to extend intent-based networking into multicloud environments. Cisco currently provides on-premises network access control via its Identity Services Engine (ISE) product. Duo's software as a service-based (SaaS) model will be integrated with Cisco ISE to extend ISE to provide cloud-delivered application access control. Duo's technology will also add trusted identity awareness into Cisco's Secure Internet Gateway, Cloud Access Security Broker, Enterprise Mobility Management, and several other cloud-delivered products.

"In today's multicloud world, the modern workforce is connecting to critical business applications both on- and off-premise," said David Goeckeler, executive vice president and general manager of Cisco's networking and security business. "IT teams are responsible for protecting hundreds of different perimeters that span anywhere a user makes an access decision. Duo's zero-trust authentication and access products integrated with our network, device and cloud security platforms will enable our customers to address the complexity and challenges that stem from multi-and hybrid-cloud environments."

Duo was founded by Dug Song, Jon Oberheide.

Duo has raised $119 million in venture capital. Investors in Duo included Benchmark, Index Ventures, Geodesic Capital, Meritech Capital Partners, Google Ventures, Redpoint, Lead Edge Capital, true ventures, and workday.

Thursday, July 19, 2018

Telia to acquire TDC's Norwegian operations for US$2.6B

Telia Company agreed to acquire the Norwegian operations of the Danish operator TDC at an enterprise value of NOK 21 billion (US$2.6 billion) in cash.

The Danish operator TDC’s Norwegian business encompasses GET, a leading provider of fixed and TV services, with a total of 518,000 households and businesses connected to its fiber-based network, and more than 1 million private and business customers who use the TV and broadband services on a daily basis. TDC’s B2B business in Norway is also part of the transaction which paired with Telia’s enterprise business will enable converged offerings to B2B-customers.

Telia plans to combine its mobile network with GET’s supreme TV and fixed services to create a strong challenger on the Norwegian market with converged customer offerings.

“It is with great excitement and commitment that we announce the agreement to acquire GET and TDC Norway. It will create a leading convergent operator for both consumers and enterprises in Norway which can compete in the market with a lot of attractive and new products and services. This transaction is beneficial for the Norwegian customers and society. We are building a great company with passionate employees where we have invested heavily in our mobile network which now covers 98 percent of the country. As part of Telia Company, GET will continue to invest in the rollout of broadband and fiber,” says Johan Dennelind, President and CEO of Telia Company.

Monday, July 16, 2018

Orange acquires Basefarm for cloud infrastructure in Europe

Orange Business Services has agreed to acquire Basefarm Holding AS, a major player in cloud infrastructure and critical application services in Europe, for EUR 350 million.

Basefarm, which recorded revenues of over EUR 100 million in 2017, has an operational presence in several European countries, particularly in Norway, Sweden, the Netherlands, Austria and in Germany.

Orange Business Services said the acquisition of Basefarm represents an advancement of its development strategy, complementing its existing catalogue of offers. The addition of Basefarm will also complete the geographical reach of Orange’s services, enabling it to become a leading player in Europe.

“We are very proud to announce the acquisition of Basefarm, which will mark a major milestone in our international development. In particular, the company’s integration will enable us to significantly extend our Big Data and critical application management services on a rapidly consolidating market. In addition to our ability to offer access to public or private cloud infrastructure, it is above all our capacity to propose enriched, automated services to our customers, wherever they are in the world, that will enable us to support companies as they transform onto new, digital models based on cloud-computing, Big Data and Artificial Intelligence,” said Helmut Reisinger, Chief Executive Officer of Orange Business Services.


  • The Basefarm group consists of four companies; Basefarm AS (Norway), Basefarm BV (Netherlands), Basefarm AB (Sweden) and The unbelievable Machine Company Gmbh (Germany and Austria). ABRY Partners holds a 90% stake in Basefarm. The company was founded in 2000, is based in Oslo, and is headed by Fredrik Olhsen.

Thursday, July 12, 2018

Intel to acquire eASIC for programmable logic

Intel agreed to acquire eASIC, a privately-held developer of field programmable gate arrays (FPGAs). Financial terms were not disclosed.

eASIC, which was founded in 1999 and is based in Santa Clara, California, helps customers to develop custom silicon with low up-front costs. The company says it can deliver tested prototypes in as little as 5 weeks from tape out.  The eASIC Platform replaces SRAM based routing with a scheme that utilizes a single via, significant die size reduction can be achieved compared to comparable density FPGAs.

eASIC's fifth generation Nextreme-3S, which is built on a 28nm CMOS process, can be used for logic, DSP or memory intensive designs and provides greater than 1 terabit of bandwidth using a combination of 28 Gbps and 16 Gbps high speed transceivers.

Following the acquisition, the eASIC team will join Intel’s Programmable Solutions Group.

https://www.easic.com/
https://newsroom.intel.com/editorials/mcnamara-psg-expands-portfolio/

Wednesday, July 11, 2018

Broadcom to acquire CA Technologies for $18.9 billion

Broadcom agreed to acquire CA Technologies (NASDAQ: CA) for $44.50 per share in cash, representing an enterprise value of $18.9 billion -- a premium of approximately 20% to the closing price of CA common stock on July 11, 2018.

CA, which was founded by Charles Wang and Russell Artzt in 1976 and formerly known as Computer Associates,  is one of the world's leading providers of information technology (IT) management software and solutions. The company is based in New York City and is primarily known for its B2B mainframe, distributed computing, and enterprise software.

Broadcom notes that CA benefits from predictable and recurring revenues with the average duration of bookings exceeding three years.

Hock Tan, President and Chief Executive Officer of Broadcom, said, "This transaction represents an important building block as we create one of the world's leading infrastructure technology companies. With its sizeable installed base of customers, CA is uniquely positioned across the growing and fragmented infrastructure software market, and its mainframe and enterprise software franchises will add to our portfolio of mission critical technology businesses. We intend to continue to strengthen these franchises to meet the growing demand for infrastructure software solutions."

"We are excited to have reached this definitive agreement with Broadcom," said Mike Gregoire, CA Technologies Chief Executive Officer. "This combination aligns our expertise in software with Broadcom's leadership in the semiconductor industry. The benefits of this agreement extend to our shareholders who will receive a significant and immediate premium for their shares, as well as our employees who will join an organization that shares our values of innovation, collaboration and engineering excellence. We look forward to completing the transaction and ensuring a smooth transition."




Trump blocks Broadcom's proposed takeover of Qualcomm

President Trump signed an executive order prohibiting Broadcom from acquiring Qualcomm or proceeding with any substantially equivalent merger, acquisition, or takeover of the firm whether effected directly or indirectly.

The order cited "credible evidence" that Broadcom, along with its partners, subsidiaries, or affiliates, impairs the national security of the United States.

Trump said he was taking this action upon review of a recommendation from the Committee on Foreign Investment in the United States.

Broadcom issued a statement saying it was reviewing the order.

Qualcomm issued a statement saying all of Broadcom’s director nominees are also disqualified from standing for election as directors of Qualcomm. 'the company will reconvene its 2018 Annual Meeting of Stockholders on the earliest possible date. Stockholders of record on January 8, 2018 will be entitled to vote at the meetin

Tuesday, July 10, 2018

AT&T to acquire AlienVault for cyber threat intelligence

AT&T agreed to acquire AlienVault, a privately held company based in San Mateo, California that specializes in enterprise-grade security solutions for small and medium-sized businesses. Financial terms were not disclosed.

AT&T said it intends to integrate AlienVault’s threat intelligence with its cybersecurity solutions portfolio.

“Regardless of size or industry, businesses today need cyber threat detection and response technologies and services,” said Thaddeus Arroyo, CEO, AT&T Business. “The current threat landscape has shifted this from a luxury for some, to a requirement for all. AlienVault’s expertise in threat intelligence will improve our ability to help organizations detect and respond to cybersecurity attacks. Together, with our enterprise-grade detection, response and remediation capabilities, we’re providing scalable, intelligent, affordable security for business customers of all sizes.”

“We’re thrilled to join forces with AT&T. They bring a robust cybersecurity portfolio with an industry-leading technology ecosystem,” said Barmak Meftah, president and CEO, AlienVault. “This deal accelerates our ability to deliver on the AlienVault mission, which is to democratize threat detection and response to companies of all sizes.”



Monday, July 2, 2018

SUSE sold to EQT for $2.35 billion -- enterprise Linux

EQT, a major international investment firm, has acquired SUSE from Micro Focus for US$2.535 billion.

SUSE, which is based in Nuremberg, Germany, is a leading provider of enterprise-grade, open source Linux solutions. The company was founded in 1992. It was acquired by Novell in 2003. Subsequently, Novell was acquired by The Attachmate Group, which later merged with UK-based Micro Focus.  SUSE is an acronym standing for Software- und System-Entwicklung.

SUSE CEO Nils Brauckmann says the company will move to the next stage of its corporate evolution and operate globally as an independent company. SUSE expects staffing, customer relationships, partnerships, product and service offering, commitment to open source leadership and support for the key open source communities to remain unchanged.

“Today is an exciting day in SUSE’s history. By partnering with EQT, we will become a fully independent business,” said Nils Brauckmann, SUSE CEO. “The next chapter in SUSE’s development will continue, and even accelerate the momentum generated over recent years. Together with EQT we will benefit both from further investment opportunities and having the continuity of a leadership team focused on securing long-term profitable growth combined with a sharp focus on customer and partner success. The current leadership team has managed SUSE through a period of significant growth, and now, with continued investment in technology innovation and go to market capability, will further develop SUSE’s momentum going forward.”

Monday, June 25, 2018

AT&T sells data centers to Brookfield for $1.1 billion

AT&T will sell its data center colocation operations and assets to Brookfield Infrastructure and its institutional partners for $1.1 billion. This includes 18 Internet Data Centers (IDCs) in the United States and 13 outside the United States.

Brookfield is establishing a wholly-owned company to own and operate the assets. Customer contracts, employees supporting the colocation operations, fixed assets, leased and owned facilities will transfer to Brookfield. The colocation data center operations serve a diversified customer base of more than 1,000 companies.

AT&T said it will continue to deliver network services to its customers at the IDCs. Funds from the sale will be used to pay down debt. AT&T will become an active sales channel for the Brookfield business and will be the anchor tenant of the colocation operations.

Brookfied intends to appoint Tim Caulfield as CEO of the business. Caulfield is currently CEO of ANTARA Group, an IT management consultancy focused on the Internet-as-a-Service segment with extensive experience in data center services.

AT&T noted that will continue to offer customers access to colocation services at more than 350 data centers — including transferred IDCs — around the world as part of AT&T’s colocation ecosystem program.

AT&T's ongoing services to businesses include:

  • Data Center Connectivity – Ethernet, Internet and VPN.
  • AT&T NetBond for Cloud – a scalable, predictable and highly secure connection to the cloud.
  • AT&T FlexWare – Simplifies delivering and deploying software-based functions like routers and firewalls using SDN and NFV. It streamlines network infrastructure and has the potential to lower businesses’ capital investments.
  • Cloud and Data Center Consulting – consultation and design around data center, cloud and network migrations.
http://about.att.com/story/att_brookfield_infrastructure.html


  • Brookfield's investments include one of the largest portfolios of office properties in the world, an infrastructure business spanning utilities, transport, energy, communications infrastructure and sustainable resources, and one of the largest pure-play renewable power businesses with more than 200 hydroelectric facilities. 

  • In 2017, Verizon sold its 29 data centers and their operations to Equinix in a deal valued at $3.6 billion in cash. This includes 29 data centers are located across 15 cities in North and Latin America and over 1,000 customers.

AT&T to acquire AppNexus for its digital ad platform

AT&T agreed to acquire AppNexus, which operates a leading global advertising marketplace and provides enterprise products for digital advertising, Media reports valued the deal at $1.6 billion.

AppNexus, which is based in New York City,  claims to have over 34,000 publishers and 177,000 brands in its marketplace, with 11.4 billion impressions transacted daily. This translates into 6 million queries processed per second, and 250 TB of data processed daily.

AppNexus will become a part of AT&T advertising & analytics, led by Brian Lesser, CEO.  which operates a leading global advertising marketplace and provides enterprise products for digital advertising – serving publishers, a
“Ad tech unites real-time analytics and technology with our premium TV and video content,” said Lesser. “So, we went out and found the strongest player in the space. AppNexus has scale of infrastructure, advanced technology and diverse talent. The combination of AT&T advertising & analytics and AppNexus will help deliver a world-class advertising platform that provides brands and publishers a new and innovative way to reach consumers in the marketplace today.”

“Innovation is core to the heritage of both AT&T and AppNexus, and we have an exciting opportunity to chart the future course of advertising together,” said Brian O’Kelley, CEO, AppNexus. “Combining AT&T’s incredible assets with our technology, we will help brands and marketers power new advertising experiences for consumers. It’s what the market is asking for, and together we’re poised to deliver it.”

Ribbon to acquire Edgewater Networks

Ribbon Communications agreed to acquire Edgewater Networks, a privately-held company based in San Jose, California that specializs in Network Edge Orchestration for the small and medium enterprise (SME) and Unified Communications (UC) market. 

Under the deal, Ribbon will pay Edgewater Networks shareholders an aggregate of $110 million, subject to customary post-closing net working capital and debt adjustments, comprised of: $50 million of cash, $30 million of deferred cash payments, and $30 million of Ribbon common stock to be issued at the time of closing, not to exceed 5.2 million shares.

Edgewater Networks, which was founded in 2002 and currently has about 80 employees, says it has more than 635,000 actively deployed edge devices and more than 20 million connected endpoints.

It product portfolio includes a hybrid network edge orchestration solution; a family of EdgeMarc IP-to-IP Session Border Controllers, EdgeMarc Multi-Service Gateways, and EdgeProtect Unified Communication platforms; an EdgeView Service Control Center (SCC) that provides visibility to all voice and data traffic and real-time alerts/alarms for remote troubleshooting and management; and an Edgewater SD-WAN solution.

Edgewater's revenue was $64 million in 2017 and $50 million in 2016, primarily derived from sales within the U.S.  Over the past four years, Edgewater Networks has recorded annual double-digit sequential revenue growth. Adjusted EBITDA was $4 million in 2017, a 98% increase compared to $2 million in 2016.

Ribbon said the acquisition will make it the market share leader for enterprise Session Border Controllers (SBCs) and Network Edge Orchestration.  The combined portfolio is expected to further strengthen the new Ribbon Protect UC security offering with voice and data intelligence from the enterprise edge and customer premises.

“This transaction demonstrates how we are delivering on our strategic objectives and extending our market reach,” said Fritz Hobbs, President and Chief Executive Officer of Ribbon Communications.  “The combination of Ribbon Communications and Edgewater Networks creates a best-in-breed, complete platform that extends our leadership position in the SBC, cloud UC, security and analytics markets.”

“The customer footprint of our combined organization is unmatched in the marketplace,” said David Norman, Chief Executive Officer of Edgewater Networks.  “The combination of Ribbon and Edgewater Networks will allow us to better serve customers globally and accelerate our pace of innovation in the UC and SD-WAN markets.”

Tuesday, June 19, 2018

Cisco to acquire July Systems for location services platform

Cisco agreed to acquire July Systems, a start-up offering a cloud-based mobile experience and location services platform. Financial terms were not disclosed.

July Systems, which based in Burlingame, California with offices in Bangalore, India, has worked for several years as an OEM for Cisco Connected Mobile Experience (CMX). Cisco plans to add July Systems’ platform and business context capabilities to provide a unified solution on which partners and customers can build and deliver indoor location services for industries as diverse as healthcare, government, logistics, manufacturing, sports arenas, hotels, education and retail.

Cisco said the acquisitions supports its journey to intent-based networking.

The July Systems team will join Cisco’s Enterprise Networking Group led by Scott Harrell, senior vice president and general manager.

Saturday, June 2, 2018

Telecom Egypt acquires MENA cable for $90 million

Telecom Egypt announces that its 50% owned subsidiary, Egyptian International Submarine Cables Company (EISCC), will acquire the Middle East and North Africa Submarine Cable (MENA) for a total value of US$90 million from Orascom Telecom Media and Technology Holding S.A.E.

Telecom Egypt said the decision to acquire MENA Cable comes in line with its strategy to achieve a short-term return from this investment and to preserve the revenue stream of the submarine cable systems.

MENA Cable is licensed in Egypt and Italy to operate a submarine telecommunications system connecting Europe to the Middle East and South East Asia.

"The decision to acquire MENA Cable is one of the most important steps towards implementing the company’s strategic plan to ensure the sustainability of submarine cable revenues and reinforce the contribution of the USD revenue stream. The new cable will add to Telecom Egypt’s network of submarine cables fortifying TE’s network offering to the maximum number of routes between India and Europe as well as add a new gateway to Europe through Italy," stated Ahmed El Beheiry, Managing Director and Chief Executive Officer.

Thursday, May 31, 2018

Ciena to acquire Packet Design for network analytics and path computation

Ciena agreed to acquire privately-held Packet Design, a provider of network performance management software focused on Layer 3 network optimization, topology and route analytics. Financial terms were not disclosed.

Packet Design's portfolio includes Route Explorer, an IP/MPLS route analytics software that provides management visibility into routing behavior for all IGP and BGP protocols, Layer 2/3 VPNs, traffic engineering tunnels, segment routing and multicast with real-time monitoring, historical reporting, and what-if modeling capabilities.

Ciena said the acquisition will help accelerate its Blue Planet software strategy by extending its intelligent automation capabilities beyond Layers 0-2 and into IP with critical new capabilities to help customers optimize service delivery and maximize network utilization. Specifically, the combination of the Blue Planet software platform and Packet Design’s performance analytics and service path computation capabilities will form a unique, micro-services-based platform that delivers real-time analytics, optimization and orchestration capabilities to support the broadest range of closed-loop automation use cases across multi-layer, multi-vendor networks.

“Blue Planet is already one of the premier brands in the network automation space. The addition of Packet Design will enhance our position by enabling customers to realize networks that are more adaptive – capable of self-optimizing and self-healing for faster time-to-market for new services, more efficient and lower cost network operations, and the ability to deliver an overall better customer experience,” said Rick Hamilton, senior vice president of Global Software and Services at Ciena.


Wednesday, May 30, 2018

ExteNet Systems to acquire Hudson Fiber Network

ExteNet Systems, a private developer, owner and operator of distributed networks across the United States, agreed to acquire Hudson Fiber Network (HFN). Financial terms were not disclosed.

Hudson Fiber Network (HFN) is a data transport provider which has a significant metro fiber network in the greater New York City area and operates a national wide-area network with key international points of presence.


"We are pleased to announce our intention to acquire Hudson Fiber Network to accelerate growth of ExteNet’s Optical Network Solutions business,” said Ross Manire, President and CEO of ExteNet Systems. “We have served the northeast region, including New York City, for many years with our fiber, small cell and indoor network solutions. We plan to leverage the core competencies of both companies to offer our customers an expanded portfolio of carrier and enterprise solution offerings and rapidly expand into other major markets by leveraging ExteNet’s extensive fiber plant.”

Tuesday, May 29, 2018

KKR to acquire BMC for its enterprise software

KKR, a leading global investment firm, agreed to acquire BMC for an undisclosed sum. BMC is currently owned by a private investor group led by Bain Capital Private Equity and Golden Gate Capital together with GIC, Insight Venture Partners and Elliott Management.

Founded in 1980, BMC is a leading systems software provider which helps enterprise organizations manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments. The company claims more than 10,000 customers worldwide, including 92% of the Forbes® Global 100.

"With the support and partnership of our Investor Group, BMC significantly accelerated its innovation of new technologies and new go-to-market capabilities over the past five years," said Peter Leav, President and Chief Executive Officer of BMC. "Our growth outlook remains strong as BMC is competitively advantaged to continue to invest and win in the marketplace. Our customers can expect the BMC team to remain focused on providing innovative solutions and services with our expanding ecosystem of partners to help them succeed across changing enterprise environments. We are excited to embark on our next chapter with KKR as our partner."

"In an ever-changing IT environment that is only becoming more complex, companies that help simplify and manage this essential infrastructure for their enterprise customers play an increasingly important role," said Herald Chen, KKR Member and Head of the firm's Technology, Media & Telecom (TMT) industry team, and John Park, KKR Member. "With more than 10,000 customers and 6,000 employees, BMC is a global leader in managing digital and IT infrastructure with a broad portfolio of software solutions.  We are thrilled to partner with the talented BMC team to accelerate growth—including via M&A—building on BMC's deep technology expertise and long-standing customer relationships."

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