Genband announced a merger agreement with Sonus to create a leader in next-generation communications networking with a combined enterprise value of approximately $745 million.
Sonus and Genband shareholders will each own approximately 50% of the combined company.
The transaction combines Sonus’ software-based leadership position in real-time communication virtualization, cloud-based session initiation protocol (SIP) and 4G/voice-over LTE solutions and security initiatives with Genband’s network modernization, unified communications, and mobility and embedded communications solutions.
Together, Sonus and Genband will be better positioned to enable network transformations to IP and cloud-based networks for communication service providers and enterprise customers worldwide, with a broader and deeper global sales footprint, increased ability to invest in growth, more efficient and effective R&D, and a comprehensive real-time communications product offering.
Raymond Dolan, President and CEO, Sonus
Together, Sonus and GENBAND create a market leader in real-time communications with enhanced capabilities to support our customers’ move to cloud-based solutions.
David Walsh, CEO and Chairman, Genband
With this combination, we believe our complementary product portfolios and expanded global footprint will allow us to even better respond to the evolving needs of customers. Our heritage and culture fit perfectly together and the combined talent going forward is second to none.
