Sandvine Acquires Momac for $7.7M
WATERLOO, Canada -- Sandvine, (TSX:SVC) a leading provider of intelligent network policy control solutions for fixed and mobile operators, today announced that it has acquired all of the shares of MoMac B.V. (“Momac”), a Netherlands-based company that sells cloud-based, customer engagement solutions to mobile operators.
Sandvine has purchased all of the shares of Momac in exchange for €7 million (approximately $7.7 million USD), plus certain retention-based management incentives. Momac has 26 employees, based in Rotterdam. Sandvine expects that the acquisition will not have a material impact to revenue nor earnings in fiscal 2015, and expects the acquisition to be slightly accretive to earnings in 2016.
Momac will enhance Sandvine’s portfolio of Revenue Generation products for its communications service provider (CSP) customers. Specifically, Momac’s products will work with Sandvine OutReach to significantly enhance its customer engagement capabilities, such that subscribers are presented with the most relevant message, offer or alert at the right time, on any screen, such that they can take immediate action.