Acme Packet Buys Convergence Inc.
Acme Packet Inc. (Nasdaq: APKT) has acquired Convergence Inc., a Maynard, Mass.-based provider of IP communications security. The deal was valued at $22.8 million, including $22.2 million of Acme Packet common stock. Convergence had raised over $45 million in VC funding from firms like Highland Capital Partners, Globespan Capital Partners and North Bridge Venture Partners.
4 May 2009•3 mins read
