Ribbon Communications Acquires Anova Data for $18,150,000

Company Information

Company
Anova Data

Website

http://www.anovadata.com

Location
5 Lyberty Way Westford, MA 01886

Description
Anova’s web-scale, end-to-end analytics solutions unleash the full value of subscriber and network data insight, enabling operators to get ahead of unprecedented subscriber data growth and take back control of their networks.

Transaction Details

  • Date – 2/7/2019
  • Transaction Type – M&A
  • Transaction Amount – $18,150,000
  • Transaction Round
  • M&A Terms – Under the terms of the purchase agreement, the equity owners of Anova Data will receive at closing an aggregate of 3.3 million shares of Ribbon common stock in exchange for substantially all of the assets and liabilities of Anova Data. Ribbon does not expect that the acquisition will materially affect its financial results in 2019.