SS8 acquires ADC’s enhanced-services division
SS8 Networks today announced plans to buy ADC Communications’ Enhanced Services Division for more than $45 million in cash.
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The deal lets SS8 provide services for both traditional public network and IP operators. SS8 will combine its IP signaling and services solutions with ADC’s enhanced services division, which includes platforms such as unified messaging, SS7 signaling and lawful intercept for the public network, to create an end-to-end services suite.
The ADC purchase was part of a $62 million equity financing package led by Warburg Pincus, which invested $47 million. Woodside Fund, Onset Ventures and CDP Sofinov also were involved in the financing.
SS8 and Enhanced Services Division will be based in San Jose, Calif. The deal increases the number of employees to more than 450 worldwide.
--Amalia D. Parthenios, staff writer
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© 2012 Penton Media Inc.
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