California-based Procera Networks completed its acquisition of Canadian network policy control company Sandvine.Read More
Procera parent Francisco Partners beat out a bid from Vector Capital-owned Scalar to acquire Sandvine, paying $457mln in a deal announced in May. The combined company will operate under the Sandvine name, and Procera CEO Lyndon Cantor will serve as the combined company’s pres/CEO. The company plans to capitalize on growth opportunities in 5G and IoT, as well as software-defined networks and network function virtualization. Legacy Sandvine clients include Comcast and GCI; legacy Procera clients include Cox, Boingo and Sprint parent Softbank.