DragonWave Acquires Axerra Networks

October 14, 2010

DragonWave Inc. acquired Axerra Networks Inc. in an all-cash transaction valued at $9.5 million (debt-free), with a potential performance-based earn-out of up to $15.5 million payable over 16 months. The acquisition combines Axerra's pseudowire and mobile-backhaul products with DragonWave's packet microwave portfolio to deliver converged TDM and packet backhaul solutions and broaden DragonWave's carrier and MSO customer reach.

Buyers
DragonWave Inc.
Targets
Axerra Networks Inc.
Location
Connecticut, United States
Transaction Type
Buyout

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