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Information Technology Services M&A image Information Technology Services M&A » By The Online Investor Staff, updated Mon., Jul. 13, 12:50 PM Recent mergers and acquisitions in the Information Technology Services M&A category.

Slide #43. Sonus Networks Performance Technologies, Inc.

Acquirer: Sonus Networks (SONS)
Acquiree: Performance Technologies, Inc. (PTIX)
Details: Sonus Networks, Inc. (NASDAQ:SONS), a global leader in SIP communications, and Performance Technologies, Inc. (NASDAQ:PTIX), a global supplier of advanced, high availability network communications solutions, today announced that they have entered into a definitive merger agreement under which Sonus will acquire PT for $3.75 per share in cash, or approximately $30 million, net of PT's cash and excluding acquisition-related costs.

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.

Open the SONS Page at The Online Investor »

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.

Open the PTIX Page at The Online Investor »

Company Name: 
Ribbon Communications Inc
Stock buyback: 
SONS buyback
Website: 
www.sonus.net
Sector: 
Computers
Company Name: 
Performance Technologies, Inc.
Website: 
www.pt.com
Sector: 
Manufacturing
 

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