Procera Networks completed its previously announced acquisition of Sandvine. The combined company will operate under the Sandvine name.
Sandvine, headquartered in Waterloo, Ontario, was founded in 2001 by a team that had worked together on a previous start-up called PixStream, a video networking start-up that Cisco acquired that same year for C$554 million. Sandvine’s core expertise is in network policy management, including the control of spam, usage-based billing, quality of service, and P2P throttling over any type of access network, including cable/DOCSIS, DSL/FTTx, Satellite, 3G, LTE, WiFi, and fixed wireless.
Procera Networks, based in Fremont, California, was founded in 2002 and includes significant operations in Sweden. Its PacketLogic platforms use deep packet inspection (DPI) to deliver analytics, traffic management, and enforcement use cases for broadband network operators, mobile operators and academic institutions. In 2007, Procera completed an IPO and in 2013 bought Vineyard Networks, a Canadian DPI company, for C$28 million. In 2015, private funds managed by Francisco Partners Management, a technology-focused private equity firm, acquired Procera Networks in an all-cash transaction valued at approximately $240 million.
The new company will serve over 400 communications service provider customers, with over 1 billion subscribers in more than 100 countries, as well as over 500 enterprise customers and more than 100 OEM and channel partners. It will be led by Procera’s CEO Lyndon Cantor, and Procera CFO Richard Deggs.
