Sandvine acquires Truffle Capital-backed Momac for $7.7 mln

Canadian network equipment provider Sandvine Inc (TSX: SVC) has acquired all of the shares of Momac BV, a Dutch specialist in customer engagement solutions for mobile operators. Sandvine bought the company for €7 million (US$$7.7 million) plus certain retention-based management incentives. It said the deal is expected to be slightly accretive to earnings in 2016 and will enhance its portfolio of revenue generation products for service providers. The Rotterdam-based Momac was acquired by European technology private equity firm Truffle Capital in 2007.

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