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Stock Market & Financial Investment News

News Breaks
May 27, 2014
05:47 EDTALLTAllot Communications receives $5M order from Tier-1 mobile operator
Allot Communications announced that it received a $5M order from a Tier-1 mobile operator for the Allot Service Gateway Tera. The Tier-1 operator requires the platform's service enablement capabilities to introduce a large-scale subscriber offering later in the year. This is the 5th order for the Allot Service Gateway Tera from Tier-1 customers since the beginning of the year.
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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