SS8 Buys ADC Division

SAN JOSE, Calif. -- SS8 Networks, a leading provider of IP signaling and services solutions for next-generation network operators worldwide, today announced it has completed the acquisition of the Enhanced Services Division (ESD) of ADC Telecommunications, Inc. in a cash transaction valued at $45 million U.S. The transaction was part of a $62 million equity financing package led by Warburg Pincus, a global private equity firm that invested $47 million. A number of the existing investors, including Woodside Fund, Onset Ventures and CDP Sofinov, also participated in the financing. The SS8 Networks acquisition of ESD creates a global leader in telephony and data services having more than 450 employees worldwide. The transaction combines the SS8 Networks IP-Intelligent Network and signaling product lines with a full range of enhanced services platforms, including unified messaging, SS7 signaling, and lawful intercept for PSTN, IP, and hybrid network operators. SS8 Networks’ expertise and focus on next-generation network solutions will also allow existing ESD customers to migrate smoothly and rapidly to high-value IP service offerings. “The integration of the ADC Enhanced Services Division with SS8 Networks creates a global leader capable of providing a full range of services for both VoIP and traditional PSTN network operators,” said Grant Wakelin, chief executive officer of SS8 Networks. “The strength of the SS8 Networks vision and management team is reflected in the strong endorsement from Warburg Pincus and our existing investors, who together contributed more than $62 million to support both the transaction and our growth going forward.” SS8 NetworksADC Telecommunications Inc.