Procera Networks completes $562m Sandvine acquisition
Procera Networks has completed the acquisition of Sandvine Corporation, a provider of intelligent broadband network solutions for fixed and mobile operators.
Private equity firm Francisco Partners, which bought Procera back in 2015, won the bidding war for Ontario-based Sandvine in a deal worth approximately $562 million. The deal was announced in mid-July.
The combined company will operate under the Sandvine name and the executive management team will be led by Lyndon Cantor, as president and chief executive officer.
“The new Sandvine has significant scale with over 200 Tier 1 service providers, including 12 of the top 20 mobile carriers and covering over 1.7 billion subscribers, over 500 enterprise customers, and over 40 OEM partners in nearly 100 countries worldwide,” said Cantor.
“This scale will enable us to accelerate our innovation engine and expand our solution and services offerings to better serve our customers’ needs.”
The combined portfolios of Sandvine and Procera deliver “the most robust network intelligence solutions as a new market leader in an emerging market”, the company said.
Following the acquisition, Sandvine is looking to 5G, IoT, SDN and NFV as proof points for how it can deliver new levels of maturity for the network intelligence and automation market – driving efficiencies without compromising on the subscriber experience.
As the virtual and cloud paradigm shifts existing network architectures, needs have evolved from simply identifying network issues to requiring automation and closed-loop actions. The combined capabilities of the new Sandvine will enable the company to lead the charge in delivering these solutions through continued innovation in machine learning, heuristics and behavioural analysis to deliver the most robust in-line digital decisions based on network intelligence.
“As networks expand and become increasingly virtualised and cloud delivered, there is a greater need for more sophisticated and automated network intelligence solutions. The new Sandvine is the only vendor that has the breadth of use cases that serve the evolving customer requirements for in-line closed loop automation,” continued Cantor.
“We believe the merger between Procera and Sandvine is a strong endorsement for the next phase of development and maturity in the Network Intelligence Market,” added Sarah Wallace, director of service enablement of AI & Analytics at IHS Markit Technology.
“The requirement for in-line closed loop capabilities driven by intelligence for digital decision-making is consistent with our research in analytics and AI markets.”