NexTone-Reef Point Merger in Works

zwixard 12/5/2012 | 2:59:58 PM

re: NexTone-Reef Point Merger in Works Netrake had SBC and UMA Security Gateway but couldn't make enough to stay independent. Wish NexTone-Reef Point luck to be picked up by another AudioCodes, if there is one left.

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Pete Baldwin 12/5/2012 | 2:59:54 PM

re: NexTone-Reef Point Merger in Works They've made a different kind of announcement today:
http://www.lightreading.com/do...

Obviously that was pre-planned to coincide with VON. Whether it makes the merger rumors more or less likely to be true, I don't know.

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henbur 12/5/2012 | 2:59:53 PM

re: NexTone-Reef Point Merger in Works If this is really happening, it does not seem very orchestrated. I guess we can just chalk it up to being a little unconventional. First, if you are going to make a leadership change, announce it at a show. ThatGÇÖs what they did at NXTComm. Second, if you are going to merge two companies to kill Acme, wait until after VON to make a splash. That being said, reporters donGÇÖt have a lot to write about after a major event. In any case, maybe http://www.nextpointnetworks.c... foreshadows whatGÇÖs coming. BTW, the new url seems a bit GÇ£sonusesqueGÇ¥.

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Ryan Lawler 12/5/2012 | 2:59:49 PM

re: NexTone-Reef Point Merger in Works Thanks for the tip on the URL. I did some snooping, and look what I found:

http://www.lightreading.com/bl...

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Ryan Lawler 12/5/2012 | 2:59:49 PM

re: NexTone-Reef Point Merger in Works Thanks for the tip on the URL. I did some snooping, and look what I found:

http://www.lightreading.com/bl...

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btierney 12/5/2012 | 2:59:16 PM

re: NexTone-Reef Point Merger in Works I was shocked to find this company still alive. The VC's must have kept in on life support to hide another loser from their limiteds.

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Ryan Lawler 12/5/2012 | 2:59:11 PM

re: NexTone-Reef Point Merger in Works The company had a recapitalization last year, with new investors and new management.

When I asked about the total amount of money raised by Reef Point -- which comes to more than $140 million -- CEO Woody Ritchey said of investments before he came on board, "It was money spent, but we don't count it going forward."

He said that the company counts about $47 million invested since the recap.

http://www.lightreading.com/do...

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Ryan Lawler 12/5/2012 | 2:59:11 PM

re: NexTone-Reef Point Merger in Works The company had a recapitalization last year, with new investors and new management.

When I asked about the total amount of money raised by Reef Point -- which comes to more than $140 million -- CEO Woody Ritchey said of investments before he came on board, "It was money spent, but we don't count it going forward."

He said that the company counts about $47 million invested since the recap.

http://www.lightreading.com/do...

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