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Sonus Networks Boosts Portfolio with Performance Technologies Acquisition

Sonus Networks announced last friday its intention to acquire Performance Technologies for approximately $30 million. Sonus will be paying $3.75 per Performance Technology share (NASDAQ:PTIX). The deal is expected to close in the first quarter of 2014.

"Today's mobile broadband traffic nearly eclipses all Internet activity from just a decade ago, driving the necessity for intelligent and capable Diameter Signaling Controllers that will allow mobile operators to efficiently deploy 4G/LTE," said Raymond P. Dolan, president and chief executive officer of Sonus in a statement.

Read the full story at Enterprise Networking Planet:
Sonus Networks Acquires Performance Technologies for $30 Million

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.