Sonus Networks, Inc., a global leader in securing cloud and real-time communications, and GENBAND, a top provider of carrier and enterprise network transformation and real-time communications solutions, announced a definitive agreement under which the two companies will combine to create a leader in next-generation communications networking, “with increased scale and market reach across products, customers and geographies.”
A statement provided to MMW on Tuesday suggests that Sonus and GENBAND shareholders will each own approximately 50% of the combined company.
The transaction combines Sonus’ software-based leadership position in real-time communication virtualization, cloud-based session initiation protocol (SIP) and 4G/voice-over LTE solutions and security initiatives with GENBAND’s network modernization, unified communications, and mobility and embedded communications solutions.
Together, Sonus and GENBAND will be better positioned to enable network transformations to IP and cloud-based networks for communication service providers and enterprise customers worldwide, with a broader and deeper global sales footprint, increased ability to invest in growth, more efficient and effective R&D, and a comprehensive real-time communications product offering.
“Together, Sonus and GENBAND create a market leader in real-time communications with enhanced capabilities to support our customers’ move to cloud-based solutions,” said Raymond Dolan, President and Chief Executive Officer of Sonus. “The transaction is expected to generate significant near- and long-term value for shareholders, who we believe will benefit from their ownership in a combined company with increased scale and resources to invest in and accelerate each company’s growth initiatives. This is a strategically and financially compelling transaction for Sonus and we are confident that together with GENBAND we will achieve our growth initiatives faster and more fully than either company could do on its own.”
The post Sonus and Genband Surprise with Confirmed Coupling appeared first on Mobile Marketing Watch.
#URLinkedUp Mobile Marketing Watch http://mobilemarketingwatch.com/sonus-genband-surprise-confirmed-coupling-71911/
#Mobiletech Check out URLinkedUp > http://www.urlinkedup.com