2024-09-20 | 中央社
Sandvine Announces New Ownership and Capital Infusion
Sandvine Announces New Ownership and Capital Infusion
(中央社訊息服務20240920 09:46:55)New ownership group commits new financing Will help to support reorientation of business and continued customer service and technological innovation PLANO, Texas --(BUSINESS WIRE)-- Sandvine (the “Company”), a market-leading provider of Over-the-Top (OTT) Application Classification and Quality of Experience (QoE) solutions, today announced that it has been acquired by a group of leading US investment firms that previously were, and continue to be, lenders to the Company. In connection with this change of control transaction, the lenders agreed to reduce the Company’s total outstanding debt significantly. Following the change of control transaction, on September 13, 2024, these investors also entered into a binding agreement to provide new capital to Sandvine. The financing is expected to close in September 2024 and will strengthen the Company’s balance sheet. These enhancements to Sandvine’s financial position accompany its recently announced reorientation of its business model to focus on serving customers in large democratic markets. Together, these developments enable the Company to continue serving as the technology partner of choice for scaled, sophisticated telecommunications providers in large global markets from a position of stability and strength.“While we are continuing to work with our financial stakeholders to properly capitalize the Company’s balance sheet, today’s announcements describe important steps in the continuing evolution of Sandvine, reinforcing a strong financial and operational foundation for us to provide our customers and partners with differentiated, innovative technology solutions that empower them to enhance their customers’ experiences when using their apps and services,” said Carney Hawks, chairman of the Board of Sandvine.“We are excited to partner with our new owners and benefit from their resources and expertise as we work together to drive further transformation across Sandvine from a financial, strategic, and operational point of view for the benefit of all of our stakeholders.” About Sandvine Sandvine's App QoE portfolio helps customers analyze, optimize, and monetize application experiences using contextual machine learning-based insights and real-time actions. Sandvine’s solutions enable market-leading classification of more than 95% of traffic across mobile and fixed networks by user, application, device, and location, which significantly enhances interactions between users and applications. For more information about delivering superior quality of experience with uniquely rich, real-time data that can drive performance and revenues, visit sandvine.com and follow Sandvine on LinkedIn, Twitter, and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240919696620/en/
CONTACT: Media and NGO Contact pro-sandvine@prosek.com Customer, Partner, and Supplier Contact contactus@sandvine.com
(中央社訊息服務20240920 09:46:55)New ownership group commits new financing Will help to support reorientation of business and continued customer service and technological innovation PLANO, Texas --(BUSINESS WIRE)-- Sandvine (the “Company”), a market-leading provider of Over-the-Top (OTT) Application Classification and Quality of Experience (QoE) solutions, today announced that it has been acquired by a group of leading US investment firms that previously were, and continue to be, lenders to the Company. In connection with this change of control transaction, the lenders agreed to reduce the Company’s total outstanding debt significantly. Following the change of control transaction, on September 13, 2024, these investors also entered into a binding agreement to provide new capital to Sandvine. The financing is expected to close in September 2024 and will strengthen the Company’s balance sheet. These enhancements to Sandvine’s financial position accompany its recently announced reorientation of its business model to focus on serving customers in large democratic markets. Together, these developments enable the Company to continue serving as the technology partner of choice for scaled, sophisticated telecommunications providers in large global markets from a position of stability and strength.“While we are continuing to work with our financial stakeholders to properly capitalize the Company’s balance sheet, today’s announcements describe important steps in the continuing evolution of Sandvine, reinforcing a strong financial and operational foundation for us to provide our customers and partners with differentiated, innovative technology solutions that empower them to enhance their customers’ experiences when using their apps and services,” said Carney Hawks, chairman of the Board of Sandvine.“We are excited to partner with our new owners and benefit from their resources and expertise as we work together to drive further transformation across Sandvine from a financial, strategic, and operational point of view for the benefit of all of our stakeholders.” About Sandvine Sandvine's App QoE portfolio helps customers analyze, optimize, and monetize application experiences using contextual machine learning-based insights and real-time actions. Sandvine’s solutions enable market-leading classification of more than 95% of traffic across mobile and fixed networks by user, application, device, and location, which significantly enhances interactions between users and applications. For more information about delivering superior quality of experience with uniquely rich, real-time data that can drive performance and revenues, visit sandvine.com and follow Sandvine on LinkedIn, Twitter, and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240919696620/en/
CONTACT: Media and NGO Contact pro-sandvine@prosek.com Customer, Partner, and Supplier Contact contactus@sandvine.com
最新生活新聞
-
-
雲林榮服處賀榮民賴謙旗創業有成 咖啡傳香邁向國際
(5 小時前) -
【世棒12強】「台韓大戰」林昱珉先發對上高永表 韓媒批台灣亂象、棒協這樣說
(5 小時前) -
台電小額綠電上架 首賣自建離岸風電
(5 小時前) -
社區關懷據點專業體適能培訓 為長輩量身打造運動處方提升肌耐力
(5 小時前)