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Technology Stocks : Allot Communications Ltd (ALLT)
ALLT 8.680+1.9%3:54 PM EST

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From: JakeStraw3/18/2015 12:48:11 PM
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Allot Communications to Acquire Operations of Optenet, a Leading Security-as-a-Service Solution Provider
finance.yahoo.com

Optenet's technology and customer base to enhance Allot's security offering for mobile and fixed operators addressing consumer and enterprises security challenges

"Our acquisition of Optenet will help Allot become a leading player in the consumer Security-as-a-Service market," said Andrei Elefant, President & CEO of Allot Communications. "We have been working with Optenet since 2013 and during that time we have won more than 10 service provider customers together, half of which are large tier one operators. In addition to bringing value to stockholders, this strategic move augments our position in the security market, strengthens our network operator value-added services approach, and complements our cloud and enterprise vision."

Strategic Benefits of the Acquisition

The acquisition will significantly broaden Allot's addressable security market potential enabling Allot to become a leading player in the SECaaS consumer market working with mobile operators.

Optenet's products complement Allot's existing security offerings, especially in the market of DDoS protection and anti-malware.

The acquisition provides new monetization opportunities for mobile service providers, enabling them to provide value to both residential and enterprise customers.

The combined offerings present a strong value proposition to Allot customers by adding Optenet's security value-added services to the Allot Service Gateway.

The combined offerings allow Allot to address the rapidly growing security market and operator demand for solutions that protect their customers from threats.

The acquisition is based on an existing successful partnership that has already resulted in ten service provider customer wins, half of which are large tier-1 mobile operators.

Optenet's products complements Allot's offering to cloud operators and large enterprises by enhancing the security capabilities on the gateway to the cloud.

Founded in 1997, Optenet is a pioneer and global leader of enabling SECaaS offerings to the consumer market. Optenet's technology currently protects more than 100 million end users around the globe, including customers of many of the world's leading ISPs, mobile operators, and 500K employees of global enterprise organizations. Optenet's suite of security solution offerings, such as parental control and anti-malware, will be added to the Allot Service Gateway. Optenet's technology will also enhance Allot ServiceProtector, which protects the integrity of large-scale networks by providing a first line of defense against DDoS and zero-day attacks.
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