Allot Acquires Esphion for Network and Subscriber Protection Solutions
03 Gennaio 2008 - 6:05AM
PR Newswire (US)
Value-added services will enrich Allot's DPI-based Service Gateway
offering HOD-HASHARON, Israel, Jan. 3 /PRNewswire-FirstCall/ --
Allot Communications Ltd. (NASDAQ:ALLT), a leader in IP service
optimization solutions based on deep packet inspection (DPI), today
announced that it has signed a definitive agreement to acquire the
business of Esphion Limited, a developer of network protection
solutions for carriers and internet service providers. Allot
believes that the acquisition furthers its vision of offering
value-added services on its new Service Gateway platform to help
broadband providers build secure, intelligent networks. Allot plans
to integrate Esphion's products and technology into its entire
product portfolio, including the recently announced Allot Service
Gateway, the industry's first open, standards-based platform for
broadband service control and optimization capable of supporting
more than 20 Gigabits per second (Gbps) of traffic. Network and
subscriber security is a primary concern for broadband operators,
which deliver high-quality, always-available access services to
their subscribers. Esphion's granular network and subscriber
behavior analysis (NBA) technology provides an accurate way to
detect the root cause for security attacks over 10Gbps
communication links. The integrated, self-contained, solution will
allow service providers to extend Allot's traditional DPI
capabilities and policy-based Quality of Service enforcement with
mitigation of security threats. This includes isolation and remedy
of infected subscribers (known as botnets, generating spam traffic
and other attacks) and Distributed Denial of Service (DDos) attack
prevention. The result is a highly competitive security solution
for the service provider market in terms of performance,
efficiency, ease of implementation and accuracy. "Carriers and ISPs
see increasing value in having a purpose-built device managing
their application and subscriber visibility, management and
control," said Mark Bieberich, Vice President, Communications
Infrastructure Research at Yankee Group. "The integration of
Esphion security threat detection technology into Allot's Service
Gateway is a clear example of a solution engineered to meet this
growing market need." Under the terms of the agreement, Allot will
acquire all material assets of Esphion for $3.5 million in cash
plus up to an additional $2 million of performance-based
consideration if certain targets are met during 2008. Esphion's
employees, who are based in New Zealand, will become part of
Allot's global operation. Allot anticipates that on a non-GAAP
basis, the acquisition will be around $0.02 dilutive to earnings
per share from continuing operations in the first quarter following
the closing of the transaction, and will become accretive to
earnings per share within one year of closing. Allot expects that
on a GAAP basis earnings per share from continuing operations will
be more dilutive, primarily due to purchase price accounting
associated with the acquisition. The exact impact of this will not
be known until after Allot completes allocation of the purchase
price pursuant to such accounting. The acquisition is subject to
various closing conditions and is expected to close within 7 days.
"The strategy behind our Service Gateway is to build upon Allot's
best-of- breed DPI technology and integrate value-added services
onto the platform through acquisition, OEM and partnerships," said
Rami Hadar, Allot's CEO and President. "This solution will enable
our customers to offer new revenue- generating services, combined
with network analysis and network control capabilities, in one,
integrated, DPI-based application and subscriber-aware solution. We
chose Esphion based on their behavior analysis technology, ability
to scale to 10Gbps, and positive reports we received from their top
tier customer list." "Esphion has developed unique technology to
detect network and subscriber behavioral security problems," said
Mark Edwards, CEO of Esphion Ltd. "Our products have already been
successfully deployed at, and are being used by, several major
carriers and ISPs throughout Asia-Pacific. Combined with Allot's
DPI platform and world-wide sales organization, we intend to open
up new market opportunities for our leading-edge solution." About
Allot Communications Allot Communications Ltd. (NASDAQ:ALLT) is a
leading provider of intelligent IP service optimization solutions.
Designed for carriers, service providers and enterprises, Allot
solutions apply deep packet inspection (DPI) technology to
transform broadband pipes into smart networks. This creates the
visibility and control vital to manage applications, services and
subscribers, guarantee quality of service (QoS), contain operating
costs and maximize revenue. Allot believes in listening to
customers and provides them access to its global network of
visionaries, innovators and support engineers. For more
information, please visit http://www.allot.com/. About Esphion
Esphion (http://www.esphion.com/) is a leading provider of network
Anomaly Detection Systems (ADS). Deployed by large Service
Providers in Asia Pacific, such as PCCW, True Internet and Telecom
New Zealand, ADS is the most robust technology available to combat
previously unseen and unknown threats to critical network
infrastructure, such as DDoS, Zero-Day Worms and SPAMbots. Esphion
ADS detects threats to critical networks and creates mitigation
strategies for immediate deployment -- before the network is
impacted. Safe Harbor Statement Information provided in this press
release may contain statements relating to current expectations,
estimates, forecasts and projections about future events that are
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally relate to Allot's plans, objectives and expectations for
future operations, including the timing of the closing of the
transaction with Esphion; the possibility that the transaction may
not close; the characteristics of the combination of Allot and
Esphion technologies; the effect of Esphion's acquisition to
Allot's earnings per share following the closing; and the timing on
which this transaction will become accretive to earnings. These
forward-looking statements are based upon management's current
estimates and projections of future results or trends. Actual
future results may differ materially from those projected as a
result of certain risks and uncertainties. These factors include,
but are not limited to: the risk that the businesses will not be
integrated successfully; the risk that any synergies from the
transaction may not be fully realized or may take longer to realize
than expected; the market's acceptance of the combined solution of
Allot and Esphion technologies; changes in general economic and
business conditions and, specifically, a decline in demand for
Allot's products; Allot's inability to timely develop and introduce
new technologies, products and applications; loss of market; and
those factors discussed under the heading "Risk Factors" in Allot's
annual report on Form 20-F filed with the Securities and Exchange
Commission. These forward-looking statements are made only as of
the date hereof, and we undertake no obligation to update or revise
the forward-looking statements, whether as a result of new
information, future events or otherwise. DATASOURCE: Allot
Communications Ltd. CONTACT: Investor Relations, Jay Kalish,
Executive Director Investor Relations of Allot Communications,
+972-9-761-9365, ; Sharon Hess, Vice President, Marketing of Allot
Communications, +972-9-761-9354, , or Albie Jarvis, Senior Vice
President of Porter Novelli, +1-617-897-8200, , for Allot
Communications Web site: http://www.allot.com/
http://www.esphion.com/
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