Ribbon Communications Inc. (Nasdaq: RBBN), a global software leader in secure and intelligent cloud communications, today announced that it has agreed to purchase the business and technology assets of Anova Data, Inc., a leading provider of advanced analytics solutions. Anova Data is based in the U.S. and its Next Generation (NextGen) products provide a cloud-native, streaming analytics platform for network and subscriber optimization and monetization. These products in combination with existing Ribbon solutions are expected to deliver mobile, fixed and enterprise customers an enhanced suite of applications that utilize big data analytics and machine learning to provide prescriptive insights on subscriber behavior and network performance.
— Company press release

L&L Partners advised Ribbon Communications Inc led by a team of The transaction was led by partner Shinoj Koshy who was assisted by associate Aishwarya Mudgil; managing associate Vivek K Agarwal and senior associate Kumar Prem Anand advised on the due diligence aspect of the Indian entities; partner Gunjan Mishra, partner Lokesh Shah and managing associate Mayank Aggarwal assisted on regulatory and tax aspects of the transaction.

Primary jurisdiction of deal: US.

2019-02-04

Deal value: USD 17 million

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