Allot Communications To Acquire Oversi Networks For $21M

Allot Communications announced that it has signed a definitive agreement to acquire Oversi Networks, a provider of rich-media caching and content delivery solutions for Internet video and peer-to-peer (P2P) traffic. Under the terms of the acquisition, Allot will be paying $16 million in cash, as well as up to $5 million based on Oversi’s performance during 2012. The acquisition is subject to the satisfaction of certain closing conditions and is expected to close during the third quarter of 2012. Oversi is based in Petach Tikva, Israel.