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Information Technology Services M&A image Information Technology Services M&A » By The Online Investor Staff, updated Thu., Aug. 5, 12:01 AM Recent mergers and acquisitions in the Information Technology Services M&A category.

Slide #25. Sonus Networks, Inc Performance Technologies, Inc.

Acquirer: Sonus Networks, Inc (SONS)
Acquiree: Performance Technologies, Inc.
Details: Sonus Networks, Inc. (NASDAQ:SONS), a global leader in SIP communications, today announced the successful completion of its acquisition of Performance Technologies, Inc. (PT). As previously announced on December 13, 2013, Sonus and PT entered into a definitive merger agreement under which Sonus would acquire PT for $3.75 per share in cash, or approximately $34 million, net of PT's cash and excluding acquisition-related costs. The transaction was unanimously approved by the boards of directors of both companies and was also approved by PT shareholders.

Sonus Networks provides networked solutions worldwide. Co. offers Session Border Controllers (SBCs) that address security and interworking requirements for small, medium, and large businesses, as well as regional and global communications service providers; Sonus GSX9000 Open Services Switch, which bridges IP and TDM networks by converting voice signal into Internet Protocol (IP) IP packets and transmitting those IP packets on a data network; and Sonus T7000 Intelligent Switching System, a class five end-office soft switch that provides residential and business voice services, as well as IP-IP multimedia processing engine services. Co. also provides Diameter Signaling Controller.

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Company Name: 
Ribbon Communications Inc
Stock buyback: 
SONS buyback

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