Ribbon Communications announces completion of Edgewater Networks acquisition
Aug 13, 2018
Ribbon Communications Announces Completion of Edgewater Networks, Inc. Acquisition August 13, 2018 WESTFORD, Mass. – Ribbon Communications Inc. (Nasdaq: RBBN), a global leader in secure and intelligent cloud communications, today 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.”
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