WESTFORD (IndoTelko) - Ribbon Communications Inc. (Ribbon) announced that it has closed the acquisition of Edgewater Networks, a market leader in Network Edge Orchestration for the distributed enterprise and Unified Communications (UC) market.
"The acquisition of Edgewater Networks aligns perfectly with our strategic initiatives," said Fritz Hobbs, President and Chief Executive Officer of 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."
"We project that this acquisition will be immediately accretive to Ribbon for the remainder of fiscal 2018," said Daryl Raiford, Chief Financial Officer of 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."
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.
The acquisition expands and enhances Ribbon's solution offerings to its customers. The combined portfolio is expected to further strengthen the new Ribbon Protect UC security offering with voice and data intelligence from the enterprise edge and customer premises.
With the ability to serve the core to the edge of the network, Ribbon will be equipped to provide an end-to-end connection to the enterprise and deliver unparalleled service assurance, security and monitoring capabilities.(es)