Riverbed to Acquire Expand Networks
For only $10 million
By Jean Jacques Maleval | January 4, 2012 at 2:52 pm
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Riverbed to acquire Expand Networks for $10m
Sources inform Globes that Riverbed Networks Inc. is about to acquire Expand Networks Ltd. for $10 million, three months after the company was put in receivership. The sale is due to be closed next week, after Expand special administrator Adv. Paz Rimer submits the deal to the Haifa District Court for approval.
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Born in 1998, Expand Networks, in WAFS acceleration appliance, raised a total of $82.5 million.