Israel’s Allot Communications (NASDAQ: ALLT), which optimizes information visitors and efficiency for each mounted and cell broadband networks, says it’s buying San Diego-based Ortiva Wireless, which makes a speciality of optimizing video streaming throughout wi-fi networks. Financial phrases of the deal weren’t disclosed.
Ortiva CEO Marc Zionts, who was working to finalize the deal this afternoon, referred questions concerning the acquisition to officers at Allot, which is predicated close to Tel Aviv, in Hod Hasharon, Israel. In response to a query about Ortiva’s native operations, Zionts says the corporate plans to maintain its workplace in University City post-acquisition, and can seemingly develop past its present 41 staff.
The acquisition is anticipated to shut within the second quarter.
“The groups are very comparable,” Zionts says. “We each have numerous proficient people who find themselves enthusiastic about what they do and are enthusiastic about working with prospects.” He notes that Allot CEO Rami Hadar was a co-founder of San Diego’s Ensemble Communications, the place he labored for a few years with Allot CTO Jay Klein. Ensemble specialised in broadband wi-fi entry tools.
In truth, Zionts says he additionally sees numerous similarities between Tel Aviv and San Diego. Both cities are each set in opposition to a sea and luxuriate in a Mediterranean local weather. The native economies are also comparable, Zionts says. Both rely largely on the army, tourism, Information Technology, and life sciences industries.
In a press release launched … Next Page »