Ribbon Communications Acquires Edgewater Networks For $110 Million
June 25th, 2018 – Ribbon Communications Inc. (Quintum Technologies), a global provider of secure and intelligent cloud communication solutions, today announced that they have signed an agreement to acquire Edgewater Networks, a leading IP-based voice, video and data service provider.
Ribbon agreed to pay Edgewater Networks an aggregate value of $110 million cash and common stock. This transaction is expected to finish in the third quarter of 2018.
The acquisition will allow Ribbon to better serve their global customers with a complete product portfolio, end-to-end service assurance and analytics solutions. The new combined portfolio will strengthen Ribbon’s security offering with voice and data intelligence and help Ribbon become the market share leader for enterprise Session Border Controllers (SBCs) and Network Edge Orchestration.
“With Edgewater Networks strong, sustained growth in recent years and their complementary solutions set, this acquisition makes sense on a number of fronts for Ribbon, allowing them to strengthen their position in enterprise SBCs,” said Diane Myers, senior research director for IHS Markit. “This is a high synergy, low overlap combination that gives Ribbon a broad product line that serves customers of all sizes and can be offered and distributed through multiple channels.”