WESTFORD, Mass., Nov. 28,
2017 /PRNewswire/ -- Sonus Networks, Inc.
(Nasdaq: SONS), a global leader in secure and intelligent cloud
communications, today announced that following the recent
completion of the Sonus and GENBAND mergers, the ticker symbol of
the company's common stock on the Nasdaq Global Select Market will
change to "RBBN" effective upon the commencement of trading on
Wednesday, November 29, 2017.
The company also announced that its corporate name will
officially change to Ribbon Communications Inc., effective
at 5:00 p.m. Eastern Time (ET),
November 28, 2017.
A Closing Bell ceremony celebrating the change will take
place at 4:00 p.m. ET on November 29, 2017 at Nasdaq MarketSite at 4 Times
Square in New York City. Ray Dolan, President and Chief
Executive Officer; David Walsh,
former Chief Executive Officer of GENBAND and Founder of
Kandy; Daryl Raiford, Chief
Financial Officer, and other senior executives will be in
attendance.
"Today is a significant milestone for our newly combined
organization," said Mr. Dolan. "The entire Ribbon Communications
team is excited about our enhanced ability to deliver value to our
customers, partners and shareholders as we deliver market-leading
real-time communications and security solutions across the
globe."
Mr Dolan added, "Our new name is not just about connecting point
"a" to point "b". It reflects our strong desire to continue moving
the real-time communications industry forward by dramatically
improving the communications experience and encompassing the
ability to ensure our contact points are elegantly and seamlessly
simple to create, manage and monitor. Ribbon Communications serves
as the connection across all of our worlds."
About the Company
Sonus Networks, Inc. (d/b/a Ribbon Communications) is a company
with two decades of leadership in real-time communications. Built
on world class technology and intellectual property, the company
delivers intelligent, secure, embedded real-time communications for
today's world. The company transforms fixed, mobile and
enterprise networks from legacy environments to secure IP and
cloud-based architectures, enabling highly productive
communications for consumers and businesses. With 64
locations in 27 countries around the globe, the company's
innovative, market leading portfolio empowers service providers and
enterprises with rapid service creation in a fully virtualized
environment. The company's Kandy Communications Platform as a
Service (CPaaS) delivers a comprehensive set of advanced embedded
communications capabilities that enables this
transformation. To learn more, visit
ribboncommunications.com.
Sonus Networks, Inc. is currently registered to do business as
Ribbon Communications in various jurisdictions but is formally
changing its legal name to Ribbon Communications Inc., effective at
5:00 p.m. Eastern Time (ET),
November 28, 2017.
Investor Relations:
Sara
Leggat
+1 (978) 614-8841
sleggat@sonusnet.com
US Press
Dennis
Watson
+1 (214) 695 2224
Dennis.watson@genband.com
International Press
Catherine
Berthier
+1.646.741.1974
Catherine.Berthier@genband.com
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SOURCE Sonus Networks, Inc.