Sandvine acquires CableMatrix, will acquire Simplicita
The combined purchase price includes $4.5 million in cash, 900,000 Sandvine common shares, and 600,000 shares if certain sales targets and business metrics are met by 2008, the company said.
CableMatrix's products complement Sandvine's VoIP, IPTV, VOD and bandwidth on-demand solutions.
Simplicita provides network policy solutions with Sandvine's platforms, service provider data and third party sources. The agreement with Simplicita is subject to typical closing conditions and is expected to close by the end of this month.