• Dec. 13, 2013, 9:58 AM
    • Sonus (SONS +0.7%) is acquiring Performance Technologies (PTIX +24.3%), a player in the fast-growing 4G diameter signaling software space, for $3.75/share in cash, or $30M net of cash on hand and acquisition-related costs. The price represents a 24% premium to PTIX's Thursday close. (PR)
    • The acquisition allows Sonus to address another fast-growing telecom software market, albeit one where it'll face plenty of competition - F5, Oracle, Ericsson, Alcatel-Lucent, and Huawei are some of the other firms with diameter signaling offerings. Sonus has already been offsetting soft demand for its mainstay VoIP gateways by growing session border controller sales.
    • The deal is expected to close in Q1 2014. Sonus sees it diluting 2014 EPS by $0.02 or less, but being accretive to 2015 EPS.
    Dec. 13, 2013, 9:58 AM
  • Jun. 19, 2012, 8:07 AM

    Sonus Networks (SONS) agrees to acquire Network Equipment Technologies (NWK) in a ~$42M deal intended to expand its offering of real-time communication products. The deal values NWK at $1.35/share, a 14% premium to its Monday closing price. NWK +12.7% premarket.

    Jun. 19, 2012, 8:07 AM