Sandvine announced hat it has entered into an arrangement agreement with an affiliate of Vector Capital, a leading global private equity firm specializing in transformational investments in established technology businesses. Vector Capital was founded in 1997 and is based in San Francisco.
Under the agreement, an affiliate of Vector Capital, Scalar AcquireCo will acquire all of the issued and outstanding shares of Sandvine, other than certain shares held by members of management, for CAD $3.80 in cash per share. The price per share implies an aggregate fully‐diluted equity value for Sandvine of approximately CAD $483 million.
Vector’s financial and strategic support will enable the company to continue its leadership in network policy control. Its long-term approach will enable Sandvine to continue to expand its lead in its traditional areas of strength and better execute on a number of emerging opportunities, such as its next-generation virtualized offerings and cyber security.