On May 23, 2017, Sonus Networks, Inc. & GENBAND announced a definitive agreement under which the two companies will combine to create a leader in next-generation communications networking. The transaction combines Sonus’ software-based leadership position in real-time communication with GENBAND’s network mobility. Together both companies will be better positioned to enable network transformations to IP and cloud-based networks. Enhanced scale and geographic reach along with Highly Complementary Product Portfolios Expected to Enable Expanded Market Opportunities to Accelerate Growth and Drive Shareholder Value.
The two companies’ combined 2016 revenue and EBITDA would have been approximately $680 million and $50 million. The transaction is expected to be a great edition to Sonus’ earnings per share in 2018. The combined company is expected to realize annual cost synergies of $40 million to $50 million by the end of 2018. Following the full impact of expected synergies. The combined company is expected to generate at least $100 million in annual EBITDA. Along with fiscal year 2020 EBITDA projected to be approximately $140 million.
Sonus brings intelligence and security to real-time communications. By helping the world embrace the next generation of cloud-based SIP and 4G/LTE solutions, Sonus enables and secures latency-sensitive, mission critical traffic for VoIP, video, instant messaging and online collaboration.
GENBAND empowers its global base of more than 700 customers in more than 80 countries to succeed via its technology leadership and intellectual property in network evolution and cloud based real-time communications software solutions and services.
You can find more information about Sonus Networks’ merging with GENBAND on Sonus’ Website