sb-eu logo
Story image

Sonus Networks renamed to Ribbon Communications after merger

04 Dec 2017

Ribbon Communications is the new name for what used to be known as Sonus Networks, the global secure communications cloud communications provider.

The name change comes off the back of the Sonus merger with GENBAND. The merger was officially completed at the end of October.

Ribbon Communications president and CEO Ray Dolan say it is a significant milestone for the newly-combined organisation.

“The entire Ribbon Communications team is excited about our enhanced ability to deliver value to our customers, partners and shareholders as we deliver market-leading real-time communications and security solutions across the globe,” he continues.

The merger allows former Sonus and GENBAND shareholders to own 50% of the parent company.

The combined company is expected to realize annual cost synergies of $40 million to $50 million in 2018 and to drive solid cash flow from operations in the first year after closing.

In conjunction with the name change, its listing on the Nasdaq Global Select market is now RBBN, rather than the former ticker SONS.

 “Our new name is not just about connecting point a to point b,” Dolan says.

“It reflects our strong desire to continue moving the real-time communications industry forward by dramatically improving the communications experience and encompassing the ability to ensure our contact points are elegantly and seamlessly simple to create, manage and monitor. Ribbon Communications serves as the connection across all of our worlds.”

In a promotional video published by the new Ribbon Communications, the company states that communications must be seamless, convenient and secure. This is one of the reasons for the merger.

“With humans more connected in so many different ways than ever before, the real-time communications we rely on must become a more comprehensive, engaging, and all-encompassing experience,” Dolan continues.

“Additionally, the new Ribbon Communications name reflects the unparalleled suite of real-time communications software solutions that the combined company brings to the market. Ribbon Communications is ready to deliver the flexibility, security and stability that today’s digital life requires, enabling better business outcomes,” he concludes.

Story image
Report: 151% increase in DDoS attacks compared to 2019
It comes as the security risk profile for organisations around the world increased in large part thanks to the COVID-19 pandemic, forcing greater reliance on cloud technology and thrusting digital laggards into quick and unsecured migrations.More
Story image
Yubico launches latest YubiKey with NFC & USB-C support
Yubico has released a new hardware authentication key, designed to provide security through both near-field communication (NFC) and USB-C connections and smart card support.More
Story image
Emotet malware is on a rampage after months of silence
CERT agencies around the world are reporting a surge in cyber attacks related to the Emotet malware, which is being distributed by email.More
Story image
Lazarus Group linked to phishing attacks on cryptocurrency sector
In this case, the attacks were launched through a phishing document sent via LinkedIn to employees at the targeted organisation. This phishing document was styled to look like a job advertisement for a role in a blockchain company.More
Story image
Proofpoint and CyberArk extend partnership to further safeguard high-risk users
“Our CyberArk partnership extension provides security teams with increased detection and enhanced adaptive controls to help prevent today’s most severe threats."More
Story image
Jamf extends Microsoft collaboration with iOS Device Compliance
Organisations will soon be able to use Jamf for Apple ecosystem management while using Azure Active Directory and Microsoft Endpoint manager to maintain conditional access.More