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Today's Deals: Redback To Acquire Abatis Systems for $636 Million

Interliant + Interactive Software, Milestone Services, Nextron + ImpulseSale.com, Redback Networks + Abatis Systems, Thor Ventures + FORSOMEONESPECIAL, U.S. Technologies + On-Site Sourcing

 Redback Networks (RBAK) to acquire Abatis Systems


   *  Amount:         $636 million


   *  Terms:            5.2 million shares

   *  Premium:        n/a


   *  Industry:        Speed/Bandwidth


   *  Scorecard:      B+


    SUNNYVALE, July 31--Redback Networks , a provider of advanced networking solutions, announced that it has signed a definitive agreement to acquire Abatis Systems of Vancouver, Canada for Redback common stock valued at $636 million. Abatis Systems has developed service creation and management tools that reduce the cost and complexity from the deployment of value-added IP services. The integration of Abatis Systems' service creation and management capabilities with Redback subscriber management and metro optical solutions will allow the company to rapidly accelerate service revenue opportunities for its carrier and service provider customers. Redback Networks will issue about 5.2 million shares for all outstanding shares, options and warrants of Abatis Systems.