Story image

Sonus Networks renamed to Ribbon Communications after merger

04 Dec 17

Ribbon Communications is the new name for what used to be known as Sonus Networks, the global secure communications cloud communications provider.

The name change comes off the back of the Sonus merger with GENBAND. The merger was officially completed at the end of October.

Ribbon Communications president and CEO Ray Dolan say it is a significant milestone for the newly-combined organisation.

“The entire Ribbon Communications team is excited about our enhanced ability to deliver value to our customers, partners and shareholders as we deliver market-leading real-time communications and security solutions across the globe,” he continues.

The merger allows former Sonus and GENBAND shareholders to own 50% of the parent company.

The combined company is expected to realize annual cost synergies of $40 million to $50 million in 2018 and to drive solid cash flow from operations in the first year after closing.

In conjunction with the name change, its listing on the Nasdaq Global Select market is now RBBN, rather than the former ticker SONS.

 “Our new name is not just about connecting point a to point b,” Dolan says.

“It reflects our strong desire to continue moving the real-time communications industry forward by dramatically improving the communications experience and encompassing the ability to ensure our contact points are elegantly and seamlessly simple to create, manage and monitor. Ribbon Communications serves as the connection across all of our worlds.”

In a promotional video published by the new Ribbon Communications, the company states that communications must be seamless, convenient and secure. This is one of the reasons for the merger.

“With humans more connected in so many different ways than ever before, the real-time communications we rely on must become a more comprehensive, engaging, and all-encompassing experience,” Dolan continues.

“Additionally, the new Ribbon Communications name reflects the unparalleled suite of real-time communications software solutions that the combined company brings to the market. Ribbon Communications is ready to deliver the flexibility, security and stability that today’s digital life requires, enabling better business outcomes,” he concludes.

DigiPlex’s data centre heat reuse system wins award
Its solution to reuse heat to warm thousands of local homes took out the accolade at the recent 2018 Energy Awards.
STT GDC to build hyperscale data centre in Singapore
ST Telemedia Global Data Centres (STT GDC) today unveiled ambitious plans for expansion with its largest data centre in Singapore to date.
Golden opportunities for enterprise e-waste reduction
E-waste is a hot topic in tech circles, and Park Place's EMEA MD believes there could be huge opportunities if data centres and enterprises improve their practices.
How Schneider Electric aims to simplify IT management
With IT Expert, Schneider Electric aims to ensure secure, vendor agnostic, wherever-you-go monitoring and visibility of all IoT-enabled physical infrastructure assets.
Pitfalls to avoid when configuring cloud firewalls
Flexibility and granularity of security controls is good but can still represent a risk for new cloud adopters that don’t recognise some of the configuration pitfalls.
Cisco dominates record-high Ethernet switch & router markets
While the market is flourishing, it’s tough-going as Cisco has increased its majority share of the pie.
Why total visibility is the key to zero trust
Over time, the basic zero trust model has evolved and matured into what Forrester calls the Zero Trust eXtended (ZTX) Ecosystem.
Gartner names Proofpoint Leader in enterprise information archiving
The report provides a detailed overview of the enterprise information archiving market and evaluates vendors based on completeness of vision and ability to execute.