Sonus Buys OSS Firm
Last year the VOIP vendor made a small, strategic acquisition, shelling out $13 million for mobile VOIP system specialist Zynetix. That deal helped Sonus develop a gateway that sits between femtocells (mini home base stations) and a mobile operator's core IP network. (See Sonus Goes After Mobile Market and Sonus Buys Zynetix for $13M.)
Now it has acquired Canadian OSS firm Atreus to give a broader set of capabilities and "provide comprehensive integration services for operators’ growing IP-service portfolios." (See EuroBites: OSS Matters.)
Neither party has announced financial terms. Atreus is believed to have generated 2007 revenues of $12.6 million and counts carriers such as KPN Telecom NV (NYSE: KPN), Level 3 Communications Inc. (NYSE: LVLT), PCCW Ltd. (NYSE: PCW; Hong Kong: 0008), and Telus Corp. (NYSE: TU; Toronto: T) among its customers. (See OSS Sizzles on French Riviera, KPN Uses Atreus OSS, PCCW Uses Atreus, and Level 3 Selects Atreus for VOIP.)
Atreus has raised at least $34 million in funding since it was formed in 1999. Its investors include Aliant Inc. (Toronto: AIT), BDC Venture Capital , Blueprint Ventures , Meritage Private Equity Funds, Mobius Venture Capital , SAIC Venture Capital Corp. , Skypoint Capital Corp. , and Telus Ventures .
Sonus's share price is down 3 cents, about 0.8 percent, to $3.80 today.
Another IP provisioning specialist, Syndesis, was acquired in January 2007 as Subex Ltd. made its bid to challenge the OSS world's big hitters. (See Syndesis Strikes $165M Takeover.)
And just a few weeks ago, one of those big hitters, Amdocs Ltd. (NYSE: DOX), shelled out $45 million for another provisioning specialist, JacobsRimell Ltd. . (See Amdocs Provisions $45M for JacobsRimell.)
— Ray Le Maistre, International News Editor, Light Reading