Tuesday, July 31, 2012

Allot Buys Oversi for $16M in Cash; Replaces PeerApp OEM

Allot Communications announced that "..it has signed a definitive agreement to acquire Oversi Networks, a leading global provider of rich-media caching and content delivery solutions for Internet video and peer-to-peer (P2P) traffic .. Under the terms of the acquisition, Allot will be paying $16 million in cash, as well as up to $5 million based on Oversi's performance during 2012 .. Oversi will contribute approximately $2.0 million in revenues per quarter .. The offering should reach break-even by the first quarter of 2013".
Allot is already partnering (OEM) with Oversi's competitor, PeerApp, and offers the MediaSwift caching solution. The reason for the switch maybe found in Rami Hadar (pictured), Allot's President and CEO, quote: ".. Over the past year, we have seen an increase in customer interest in video caching solutions, which made clear to us the critical need for Allot to own a leading solution in this growing market instead of reselling a third-party offering. With our shared vision of enabling service providers to monetize video traffic, we are excited about incorporating another excellent team and product offering into Allot"

See "Allot Communications to Acquire Oversi Networks" - here.

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