Ribbon Communications Buying Edgewater Networks for $110 Million
Ribbon Communications agreed to buy Edgewater Networks for $110 million in aggregate cash payments, deferred cash payments and common stock, said Ribbon Monday. It's "projected to result in Ribbon becoming the market share leader for enterprise Session Border Controllers (SBCs)…
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and Network Edge Orchestration," said the buyer, a cloud communications provider. It expects the transaction to close in Q3 subject to customary conditions and approvals.