Ribbon Communications announced that it has closed the acquisition of Edgewater Networks in a $110 million deal.
Edgewater Networks, a privately held company founded in 2002, has more than 635,000 actively deployed edge devices and more than 20 million connected endpoints.
The acquisition is projected to result in Ribbon becoming the market share leader for enterprise Session Border Controllers (SBCs) and Network Edge Orchestration. This acquisition will allow Ribbon to offer its global customer base a complete core-to-edge product portfolio, unrivaled end-to-end service assurance and analytics solutions, and a fully integrated SD-WAN service.
Fritz Hobbs, President and CEO, Ribbon Communications
In addition to becoming a market leader in enterprise Session Border Controllers, it allows us to immediately extend Edgewater solutions internationally, expand our cloud offerings, and enter the SD-WAN market.
Daryl Raiford, CFO, Ribbon Communications
We will provide an update on our consolidated outlook for full year 2018 for both revenue and adjusted EBITDA, including Edgewater, on our third quarter 2018 earnings call.
