M&A Deal Summary

AVCtechnologies Acquires Kandy Communications

On August 5, 2020, AVCtechnologies acquired internet software and services company Kandy Communications from Ribbon

Acquisition Highlights
  • This is AVCtechnologies’ 1st transaction in the Internet Software and Services sector.
  • This is AVCtechnologies’ 2nd transaction in the United States.
  • This is AVCtechnologies’ 1st transaction in California.

M&A Deal Summary

Date 2020-08-05
Target Kandy Communications
Sector Internet Software and Services
Buyer(s) AVCtechnologies
Sellers(s) Ribbon
Deal Type Divestiture

Target

Kandy Communications

Pleasanton, California, United States
Kandy Communications is a cloud-based, real-time communications platform offering proprietary UCaaS, CPaaS, and CCaaS capabilities. Kandy enables service providers, enterprises, software vendors, systems integrators, partners, and developers to enrich their applications and services with real-time contextual communications, providing a more engaging user experience. With Kandy, companies of all sizes and types can quickly embed real-time communications capabilities into their existing applications and business processes. Kandy was formed in 2014 and is based in Pleasanton, California.

Search 215,074 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

AVCtechnologies

Atlanta, Georgia, United States

Category Company
Founded 1987
Sector Information Technology
Employees316
DESCRIPTION

AVCtechnologies provides IT solutions and managed services. It offers managed IT services to a range of clients, including unified communications-as-a-service, directory and messaging, enterprise networking, cybersecurity, collaboration, data center, integration, storage, backup, virtualization, and converged infrastructure. AVCtechnologies is based in Atlanta, Georgia.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-27 Computex Technology Solutions

Houston, Texas, United States

Computex Technology Solutions is an IT solution provider focused on helping customers transform their businesses through technology. Computex Technology Solutions was founded in 1987 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 Computex Technology Solutions

Houston, Texas, United States

Computex Technology Solutions is an IT solution provider focused on helping customers transform their businesses through technology. Computex Technology Solutions was founded in 1987 and is based in Houston, Texas.

Sell -

Seller(S) 1

SELLER

Ribbon

Plano, Texas, United States

Category Company
Founded 1997
Sector Technology Hardware
Employees3,107
Revenue 834M USD (2024)
DESCRIPTION

Ribbon is a provider of SIP and 4G/VoLTE communication equipment solutions to its customers by enabling and securing mission critical traffic for VoIP, video, IM, and online collaboration. Ribbon was founded in 1997 and is based in Plano, Texas.


DEAL STATS #
Overall 2 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
State: California M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 ECI Telecom

Petach Tikvah, Israel

ECI Telecom is a global provider of ELASTIC network solutions to service providers, critical industries and data center operators. With the advent of 5G, IoT and smart everything, traffic demands are increasing dramatically, and network operators must make smart choices as they evolve their infrastructure. ECI's Elastic Services Platform leverages its programmable packet and optical networking solutions, along with its service-driven software suite and virtualization capabilities, to provide a robust yet flexible solution for any application. ECI solutions are tailored for the needs of today, yet flexible enough to meet the challenges of tomorrow.

Buy $324M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Ribbon Communications - QualiTech Testing and Standardization Business

Westford, Massachusetts, United States

Ribbon Communications' QualiTech Testing and Standardization Business provides quality testing and standardization laboratory services supporting both the company’s product development activities and external customers. Ribbon Communications' QualiTech Testing and Standardization Business is based in Westford, Massachusetts.

Sell -