Sonus Networks, Inc. (NASDAQ: SONS) has reported the completion of its acquisition of Performance Technologies, Inc.
As previously announced on December 13, 2013, Sonus and PT entered into a definitive merger agreement under which Sonus would acquire PT for USD3.75 per share in cash, or approximately USD34m, net of PT´s cash and excluding acquisition-related costs. The transaction was unanimously approved by the boards of directors of both companies and was also approved by PT shareholders.
Sonus helps the world´s leading communications service providers and enterprises embrace the next generation of SIP-based solutions including VoIP, video and Unified Communications through secure, reliable and scalable IP networks. For more information, visit www.sonus.net