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.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts

Avocado Seeds Found To Heal Skin Conditions
August 09, 2022

$10M Investment For SaNOtize Covid Nasal Spray
August 08, 2022

Beware: Flirting Online Can Ruin Your Relationship
August 08, 2022

PepsiCo Orders 30,000 Shipping Pallets Made From Waste
August 07, 2022
Facebook comments