Ribbon Communications Completes Merger with ECI Telecom Group
Ribbon Communications, one of the software leaders in secure and intelligent cloud communications has completed its previously announces the acquisition of ECI Telecom Group, a provider of end-to-end packet optical transport and SDN/NFV solutions for service providers, and data centre operators. Ribbon will be providing updated financial guidance that includes the ECI acquisition during its first-quarter 2020 earnings call.
Bruce McClelland, President & CEO, Ribbon, states, “We are thrilled to welcome ECI to the Ribbon family. Our expanded product offering combines ECI's leadership in packet optical networking with our existing proven portfolio of software-based, real-time communications security, analytics and digital transformation solutions. Our new organization will leverage the strength and presence of our global sales force to create a very formidable market leader in the communications industry. ECI's solutions are specifically designed to address the rapidly growing 5G ecosystem. We look forward to working closely with all of our employees to leverage Ribbon's strong foundation to build sustained, long-term growth”.
The partnership will create industry-leading communications software and networking company with a comprehensive portfolio of advanced voice, security, data and optical networking solutions. Also, Ribbon’s aim to expand into the service provider 5G data domain with bundled network analytics, intelligence and security offerings will be advanced. ECI will also enable Ribbon to enhance and broaden its existing customer offerings with ECI’s industry-leading packet optical transport solutions.
"This transformational transaction accelerates our strategy to position the company into higher-growth markets. The combination of Ribbon and ECI offers our customers world-class products that we believe will drive Ribbon's growth, profitability and cash flow. We are immediately focused on our integration efforts to unlock revenue expansion and drive shareholder value”, says Daryl Raiford, CFO, Ribbon.