M&A Deal Summary

Procera Networks Acquires Sandvine

On July 17, 2017, Procera Networks acquired technology hardware company Sandvine for 562M CAD

Acquisition Highlights
  • This is Procera Networks’ 1st transaction in the Technology Hardware sector.
  • This is Procera Networks’ largest (disclosed) transaction.
  • This is Procera Networks’ 2nd transaction in Canada.
  • This is Procera Networks’ 1st transaction in Ontario.

M&A Deal Summary

Date 2017-07-17
Target Sandvine
Sector Technology Hardware
Buyer(s) Procera Networks
Deal Type Add-on Acquisition
Deal Value 562M CAD

Target

Sandvine

Waterloo, Ontario, Canada
Sandvine Corp. is a provider of intelligent broadband and network products and solutions for fixed and mobile operators. Sandvine’s network policy control solutions add intelligence to fixed, mobile and converged communications service provider networks, to increase revenue, reduce network costs and improve subscriber quality of experience. Our networking solutions perform end-to-end policy control functions, including traffic classification, policy decision and enforcement. Deployed as virtualized network functions or on Sandvine’s purpose built hardware, the products provide actionable business insight, and the ability to deploy new consumer and business subscriber services, optimize and secure network traffic, and engage with subscribers. Sandvine’s network policy control solutions are deployed in more than 300 networks in over 100 countries, serving hundreds of millions of data subscribers worldwide.

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Buyer(S) 1

Buyer

Procera Networks

Fremont, California, United States

Category Company
Founded 2002
Sector Information Technology
Employees205
Revenue 75M USD (2014)
DESCRIPTION

Procera Networks Inc. is a subscriber experience company, it operators and vendors monitor, manage and monetize their network traffic.


DEAL STATS #
Overall 3 of 3
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 Vineyard Networks

Kelowna, British Columbia, Canada

Vineyard Networks delivers next-generation Deep Packet Inspection technology to network infrastructure vendors around the world. Vineyard's NAVL DPI engine is an OEM solution powering today's application aware platforms, from next-generation Firewalls to Mobile Telco Gateways.

Buy $28M