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Stock Market & Financial Investment News

News Breaks
January 7, 2014
06:08 EDTALLTAllot receives $4M expansion order from Tier-1 European mobile operator
Allot Communications announced it has received a four million dollar expansion order from a Tier-1 mobile operator in Europe for the Allot Service Gateway. Allot received this order during Q4. The operator, which serves more than 15M subscribers across its 3G and rapidly-growing LTE networks, will utilize analytics collected from the Service Gateway to better understand subscriber activity and then tailor appropriate service plans for each customer segment.
News For ALLT From The Last 14 Days
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February 24, 2015
05:20 EDTALLTAllot Communications to acquire operations of Optenet
Allot Communications announced that it has signed a definitive agreement to acquire the operations of Optenet, an IT security company providing high-performance Security-as-a-Service solutions to service providers and large enterprises worldwide. Under the terms of the agreement, Allot will acquire the operations of Optenet for approximately $6.5M in cash to be paid upon and before closing, plus deferred and contingent purchase price. The deferred purchase price consists of approximately $5.5M to be paid over two years following closing. In addition, there will be a performance-based earn-out over a period of five years. The earn-out is capped at approximately $26M and is contingent upon reaching approximately $140 million in revenues in total over the following five years. The transaction is expected to close during the first quarter of 2015. Allot currently expects the acquisition to contribute a few millions of dollars to revenues and to be marginally accretive on a non-GAAP basis during fiscal year 2015.

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