Converged voice solutions provider AudioCodes (NASDAQ, TASE: AUDC) has entered into a definitive agreement to acquire communications solutions provider Active Communications Europe, a Microsoft Silver Partner specializing in Unified Communications.
The consideration for this transaction will consist of payment of USD 3 million in cash to the stockholders of Active Communications Europe, plus an earn-out arrangement under which AudioCodes has agreed to pay up to an additional USD 2 million based on attaining certain sales targets over the next three years.
In exceptional circumstances, the earn-out may increase.
Following the transaction, Active Communications Europe will become a wholly owned subsidiary of AudioCodes. The transaction closed on December 31, 2015.
AudioCodes designs, develops and sells advanced Voice-over-IP (VoIP) and converged VoIP and Data networking products and applications to Service Providers and Enterprises.