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Sonus acquires leading supplier of IP communications systems

Sep. 27, 2016 12:09 PM ETBy: SA News Team
  • Sonus Networks (SONS +3.25%) acquired Taqua, LLC, a leading supplier of IP communications systems, applications and services to mobile and fixed operators, in an initial cash consideration of $20M (potential for additional cash payments if certain annual revenue thresholds are exceeded). The acquisition closed on September 26, 2016.
  • Taqua has revenue of $16.8M for the TTM ended June 30, 2016 and Non-GAAP operating loss of $8.5 million. The company expects Q4 revenue in the range of $4.0-$5.0M and impact on Non-GAAP income (loss) per share is projected to be between ($0.02) and $0.00.
  • CEO Raymond P. Dolan: "The acquisition of Taqua adds to the top line opportunities for the current Sonus product portfolio in both the fixed line and mobile markets. Taqua's Virtual Mobile Core is particularly compelling, as it allows Sonus to increase penetration in the VoLTE and VoWiFi markets as those markets emerge and then ultimately converge based on a single, unified core network architecture."

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