Vector Capital to acquire Waterloo's Sandvine for $483 mln

Waterloo network policy control solutions provider Sandvine Corp (TSX: SVC) has agreed to be acquired by Vector Capital. The U.S. private equity firm will acquire all of the company's shares, other than certain shares held by management, for $3.80 per unit, which implies an equity value for Sandvine of about $483 million. Dave Caputo, president and CEO of Sandvine, said the partnership with Vector will allow the company to pursue a number of long-term growth opportunities "more aggressively." Founded in 2001, Sandvine provides its technology to more than 300 networks in more than 100 countries. It was venture-backed before going public in 2006.

DealsCanadaNorth AmericaBriefs