M&A Deal Summary

C-COR Acquires Alopa Networks

On May 11, 2004, C-COR acquired communications company Alopa Networks from Summit Partners for 15M USD

Acquisition Highlights
  • This is C-COR’s 2nd transaction in the Communications sector.
  • This is C-COR’s largest (disclosed) transaction.
  • This is C-COR’s 2nd transaction in the United States.
  • This is C-COR’s 1st transaction in California.

M&A Deal Summary

Date 2004-05-11
Target Alopa Networks
Sector Communications
Buyer(s) C-COR
Sellers(s) Summit Partners
Deal Type Add-on Acquisition
Deal Value 15M USD
Advisor(s) Arbor Advisors (Financial)

Target

Alopa Networks

Santa Clara, California, United States
Alopa Networks provides end-to-end subscriber services solutions that allow broadband Internet service providers to create and deploy subscriber services quickly and cost-effectively.

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Buyer(S) 1

Buyer

C-COR

State College, Pennsylvania, United States

Category Company
Founded 1953
Sector Communications
Employees1,260
DESCRIPTION

C-COR enables its global customer base to confidently grow, manage and deliver next-generation products and services to consumers. The Company's integrated access and management platforms deliver highly reliable and flexible voice, video and data, and support quick launch and cost effective scaling of new services.


DEAL STATS #
Overall 2 of 3
Sector (Communications) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 2
Country (United States) 2 of 3
Year (2004) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Worldbridge Broadband Services

Atlanta, Georgia, United States

Worldbridge Broadband Services provided highly skilled, hands-on technicians and ongoing process management services on an outsourced basis to telecommunications network operators in the U.S. and abroad.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-28 Lantern Communications

Sunnyvale, California, United States

Lantern Communications, Inc. provides packet based transport solutions that enable deployment of Ethernet services across metropolitan area networks. The company was founded in 1999 and is based in Sunnyvale, California. It has additional offices in San Jose, California and Ottawa, Canada.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 95 of 285
Sector (Communications) 6 of 16
Type (Add-on Acquisition) 40 of 127
State (California) 33 of 62
Country (United States) 92 of 246
Year (2004) 2 of 12
Size (of disclosed) 49 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-01 LogistiCare Solutions

Atlanta, Georgia, United States

LogistiCare (Atlanta, GA) is a leader in the non-emergency medical transportation (NEMT) service sector. The company provides transportation services to governmental agencies and other human services organizations that are typically under cost pressures due to the increasing costs of healthcare and declining budgets. State Medicaid programs are required by federal regulation to provide recipients with access to and from medical encounters; however, states are often poorly equipped to efficiently and economically self perform and manage for this mission-critical transportation requirement.

Buy $155M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-17 CallTech Communications

Columbus, Ohio, United States

CallTech Communications provides outsourced contact center services including customer service, technical support, and transactions.

Sell -