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Ribbon Communications to Acquire Edgewater Networks
Tuesday 26 June 2018

26 June 2018 - US-based secure and intelligent cloud communications company Ribbon Communications Inc. (NASDAQ: RBBN) has signed an agreement to acquire Edgewater Networks, a specialist in Network Edge Orchestration for the small and medium enterprise and unified communications market, the company said.

The acquisition is projected to result in Ribbon becoming the market share leader for enterprise session border controllers and network edge orchestration.

This acquisition will allow Ribbon to offer its global customer base a complete core-to-edge product portfolio, unrivaled end-to-end service assurance and analytics solutions, and a fully integrated SD-WAN service.

With the ability to serve the core to the edge of the network, Ribbon will be equipped to provide an end-to-end connection to the enterprise and deliver unparalleled service assurance, security and monitoring capabilities.

Upon completion of the transaction, the Kandy Unified Communications as a Service (UCaaS) offering will also be enhanced with the ability to provide analytics and service assurance capabilities across the enterprise network edge.

In addition, Ribbon's Microsoft Skype for Business and Teams offerings will be expanded by Edgewater Networks Intelligent Edge solutions.

TAP Advisors LLC served as Ribbon's financial advisor, Latham and Watkins LLP served as Ribbon's legal advisor and Ernst and Young LLP served as Ribbon's advisor for financial diligence and related matters. AGC Partners served as Edgewater Networks' financial advisor and Gunderson Dettmer Stough Villeneuve Franklin and Hachigian, LLP served as Edgewater Networks' legal advisor.
Details
Date Published: 26/06/2018
Target: Edgewater Networks
Country: USA
Sector: Computer Software
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Ribbon Communications
Buyer Advisor: TAP Advisors , Latham and Watkins , Ernst and Young
Comment:
Terms of the deal were not disclosed

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