Sonus Acquires DSC Vendor Performance Technologies for $30M

Sonus Networks announced that they have ".. entered into a definitive merger agreement under which Sonus will acquire Performance Technologies (PT) for $3.75 per share in cash, or approximately $30 million, net of PT’s cash and excluding acquisition-related costs.

The acquisition of PT enables Sonus to expand and diversify its portfolio with an integrated, virtualized Diameter and SIP-based solution and deliver strategic value to service providers seeking to offer new multimedia services through mobile, Cloud-based, real-time communications. PT's premier suite of IP-centric SEGway signaling products  includes Diameter Signaling Controllers (DSC) [added to my Diameter Router Product list], which anchor the authentication, authorization and accounting messages sent across mobile networks. As the adoption of the mobile Internet grows, the DSC market is forecast to grow by an average of 42% per year from 2013 through 2017, to reach nearly $1 billion, according to Exact Ventures [here]".

Raymond P. Dolan [pictured], president and CEO of Sonus said: “The combination of Sonus and PT allows us to address this significant opportunity by bringing together unique and complementary technologies in wireless and wireline network intelligence, thereby expanding our addressable market by 50% and advancing our mobility and virtualization strategies. The transaction enhances Sonus’ best-in-class portfolio, further enabling service providers and enterprises to deliver on the promise of real-time communications”.

See "Sonus Networks Announces Definitive Agreement to Acquire Performance Technologies, Inc." - here.