August 14, 2018

Ribbon Closes on Edgewater Networks

Ribbon Communications Inc. has announced the close of its Edgewater Networks acquisition.

The company announced its plans to buy Edgewater Networks in late June. At the time, it said the deal would close in the third quarter, and Ribbon met that promise.

This $110 million acquisition makes Ribbon a market leader in the enterprise session border controller arena. And it supplements the company’s analytics, cloud, and security portfolios.

San Jose-based Edgewater Networks has more than 635,000 edge devices and more than 20 million connected endpoints in networks today. It is also a player in the SD-WAN arena, which is a good match for VoIP and other real-time communications traffic – an era in which Ribbon is keenly focused.

Ribbon Communications delivers software and hardware solutions to communications service providers and enterprises. Among its newer solutions is Release 7.0 of its SBC.

“Our latest software releases demonstrate our continued commitment to cloud, security and innovation,” said Mykola Konrad, Vice President of Product Management for Ribbon Communications. “We are extremely excited about bringing disruptive technologies to the marketplace such as our SBC SWe’s use of GPUs for media transcoding in the cloud, which will allow our customers to experience superior real-time communications quality and reliability.”

The company also recently introduced Ribbon Protect, which identifies and protects against security threats using a combination of firewall, SBC, and intelligence technologies. And it came out with enhancements to its Smart Office Unified Communications solution.

CFO Daryl Raiford said the Edgewater deal will be "immediately accretive to Ribbon for the remainder of fiscal 2018." And he promised an update on Ribbon’s consolidated outlook for full year 2018 revenue and adjusted EBITDA during its third quarter 2018 earnings call.

Edited by Maurice Nagle



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