Ribbon Communications Inc. · NASDAQ:RBBN
Ribbon Communications — Sonus Networks — Merger or Acquisition (June 2012)
13 slides from Ribbon Communications's merger presentation, Jun 19, 2012
Slide 1: Sonus Networks Acquisition of Network Equipment Technologies
Sonus Networks Acquisition of Network Equipment Technologies June 19, 2012
Slide 2: Additional Information and Proxy Solicitation Notice
In connection with the proposed merger, NET plans to file a proxy statement with the Securities and Exchange Commission (the “SEC”). Additionally, NET and Sonus will file other relevant materials in connection with the proposed acquisition of NET by Sonus pursuant to the terms of the Merger Agreemen
Slide 3: Forward-Looking Statements
The information in this release may contain certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this repo
Slide 4: Transaction Overview
Transaction Overview Transaction Definitive Agreement for Sonus Networks to Acquire Network Equipment Technologies (NET) Price $1.35 per NET share Valued at Approximately $42M, Before Transaction Costs Consideration 100% Cash Timing Expected to Close During Q3 2012 Subject to: NET Stockholder Vote A
Slide 5: Who is NET?
Founded 1983 Headquartered in Fremont, CA ~160 Employees $50.2M Total Reported Fiscal Year 2012 Revenue(1) Provides Secure Real-time Communications for UC, SIP Trunking, and IP-based Multi-service Networking Strong Product Line in Lower Session Count Enterprise SBC Market Rapidly Growing Enterprise
Slide 6: Transaction Rationale
Transaction Rationale ~ Expected to: Expand SBC Product Portfolio 1 Expand Addressable Enterprise SBC Market 2 Deliver Strategic Go-to-Market Relationships 3 Accelerate Enterprise Revenue and Customer Growth 4
Slide 7: Expected to Expand Sonus SBC Product Portfolio
Up to 96 sessions Microsoft Lync Enhanced Gateway/Survivable Branch Appliance Media Interworking 250 to 10K Sessions IP-to-IP High Availability Media Interworking Sonus SBC 5100 Expected to Expand Sonus SBC Product Portfolio Sonus SBC 5200 Sonus SBC 9000 1K to 64K Sessions TDM-to-IP High Availabilit
Slide 8: Expected to Strengthen Positioning Within Robust SBC Market
Expected to Strengthen Positioning Within Robust SBC Market SBC Market ($M) Infonetics “Service Provider VoIP Equipment and Subscribers” February 2012 Infonetics “Enterprise SBC Market Size and Forecast” May 2012 CAGRs are 4 year, 2012-2016 $608M $1.3B
Slide 9: Strong Product Cycle Expected to Create New Growth Opportunities
Strong Product Cycle Expected to Create New Growth Opportunities Infonetics “Enterprise SBC Market Size and Forecast” May 2012 NET UX and Sonus SBC 5100 Expected to Significantly Expand Sonus Addressable Enterprise SBC Market $223M 2012 E-SBC Market(1) $120M net new market opportunity in 2012 with N
Slide 10: Expected to Deliver Strategic Go to Market Relationships
Enterprise and Tier 2/3 Service Providers Established Channel and Partner Ecosystem Government Established US Government Customer Base and Sales Team GSA, DoD and NATO Expected to Deliver Strategic Go to Market Relationships Enterprise Established Partnerships Provide Deep Enterprise Hosted UC Expos
Slide 11: NET's Blue Chip Customer Base
11 NET’s Blue Chip Customer Base 11 UK MOD Government Enterprise
Slide 12: Transaction Rationale
Transaction Rationale ~ Expected to: Expand SBC Product Portfolio 1 Expand Addressable Enterprise SBC Market 2 Deliver Strategic Go-to-Market Relationships 3 Accelerate Enterprise Revenue and Customer Growth 4
Slide 13: Thank You
Thank You