Networking firm Avaya has offered $144-million, or 37,3 pence per share, for UK software developer Ubiquity.
Ubiquity's core software product is one of the leading software platforms for the development and delivery of SIP (Session Initiation Protocol) applications.
The company develops and markets SIP-based communications software for, among others, fixed and mobile communications service providers, systems integrators and ISVs. Its range of products have been developed to take full advantage of the telecommunication industry's migration towards all-IP networks.
"We believe that the addition of Ubiquity's next-generation software platform to Avaya's portfolio will help customers and developers enhance the integration of communications technologies and business processes," says Micky Tsui, VP global communications solutions at Avaya. "We believe that Ubiquity bridges a wide range of fragmented technologies that cost customers money, time and speed-to-market."
The Ubiquity board has unanimously recommended the offer to its shareholders, who have 20 business days to accept.