Sonus Networks, Inc. (SONS) - NASDAQ
  • 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
Company Description
Sonus Networks, Inc. provides networked solutions for communications service providers and increasingly, to enterprises to help them advance, protect and unify their communications and improve collaboration. It helps many of the world's communications service providers and enterprises embrace... More
Sector: Technology
Industry: Communication Equipment
Country: United States