Procera Seals Sandvine Deal
Procera Networks said it has wrapped up its C$562 million (US$456 million) acquisition of fellow bandwidth management and policy vendor Sandvine.
The combined firm, which will drive more scale into the company, will operate under the Sandvine name and its technology together will “touch” 1.7 billion subs across a base of service providers and enterprise and government customers worldwide, it said.
The combined company is led by president and CEO Lyndon Cantor.
Looking ahead, the new Sandvine will take a closer look at 5G and IoT, intending to drive network intelligence into those platforms and the automation market.
PNI Canada Acquireco Corp., an affiliate of Francisco Partners and Procera, secured the deal for Sandvine after beating out an earlier, lower bid by Vector Capital affiliate Scalar AcquireCo Corp. that was announced in May.
PNI Locks in Deal to Buy Sandvine
“The new Sandvine has significant scale with over 200 Tier 1 service providers, including 12 of the top 20 mobile carriers and covering over 1.7 billion subscribers, over 500 enterprise customers, and over 40 OEM partners in nearly 100 countries worldwide,” Cantor said in a statement. “This scale will enable us to accelerate our innovation engine and expand our solution and services offerings to better serve our customers’ needs.”
The smarter way to stay on top of the multichannel video marketplace. Sign up below.