The deal to merge Procera Networks and Sandvine has officially been completed, and the company is now operating under the Sandvine brand as a freshly combined business that reaches more than 200 tier one service providers and more than half of the top 20 mobile operators.Read More
Private equity firm Francisco Partners, owner of Procera, had been in negotiations for acquisition of Sandvine for some time, ultimately making a deal to acquire the Waterloo, Ontario-based network intelligence company for about USD 456 million.
Lyndon Cantor, CEO of Procera (and former president at Tektronix), said at the time that the deal was announced that the combination of Procera with Sandvine would “deliver greater capability to serve our customers, execute on innovation initiatives and expand our addressable market.” Cantor will lead the new Sandvine as president and CEO.
“As networks expand and become increasingly virtualized and cloud delivered, there is a greater need for more sophisticated and automated Network Intelligence solutions. The new Sandvine is the only vendor that has the breadth of use cases that serve the evolving customer requirements for in-line closed loop automation,” said Cantor in a statement on the closing of the transaction. Sandvine’s portfolio includes analytics, policy charging and control, network security, traffic management, cloud managed service and regulatory compliance offerings, and the company said that it expects to be able to better capitalize on opportunities in 5G wireless, the internet of things, and software-defined networks and network function virtualization. Sandvine also said that the combined company “will be accelerating innovation investments in behavioral analysis, automation, and cloud solutions.”
“We believe the merger between Procera and Sandvine is a strong endorsement for the next phase of development and maturity in the network intelligence market,” said Sarah Wallace, director for service enablement, artificial intelligence & analytics, at IHS Markit Technology, in a statement on the closing. “The requirement for in-line closed loop capabilities driven by intelligence for digital decision-making is consistent with our research in analytics and AI markets.”
Some of the company’s recent news includes Sandvine’s service delivery engine being selected by an unnamed Tier 1 service provider in the U.S. to support “millions of mobile subscribers” with end-to-end Internet Media Subsystem/voice over LTE, as well as other potential subscriber services. Sandvine said that the implementation “will represent one of the first fully virtualized [Policy and Charging Rules Functions] to be deployed in the North American market at this scale.” Also last week, the company announced that through tests conducted at Dell EMC’s lab in Austin, Tex., Sandvine was able to demonstrate dynamic scaling of virtual network functions for network security in what it called a “pay-as-you-protect” model for a more cost-efficient approach to distributed denial of service attacks. Meanwhile, in April of this year, Procera won a multi-year, multi-million dollar contract with Vodafone Egypt focused on a virtualized visibility solution for analyzing the subscriber experience for fixed and mobile users.