HOD HASHARON, Israel,
January 16, 2018 /PRNewswire/ --
Allot Communications Ltd. (NASDAQ: ALLT, TASE: ALLT), a provider
of leading innovative network intelligence and security solutions
for service providers worldwide, announced today that it has signed
a definitive agreement to acquire Netonomy Ltd., a developer
of software-based cyber security for the connected home, with
closing anticipated to occur in a very short period.
The acquisition is in line with Allot's strategy of providing
Communications Service Providers (CSPs) with comprehensive security
solutions for their customers. As the adoption of IoT and connected
devices at home continues to grow rapidly, it is becoming
increasingly difficult to manage and prevent security breaches on
these devices. Netonomy's technology integrates a unique software
component onto existing routers, enabling device management as well
as a variety of protective security functionality on those
devices.
Allot's leading mobile protection solutions are already deployed
widely by CSPs to protect their mobile customers. Leveraging
Netonomy's technology in concert with Allot's solutions will
provide CSPs the ability to offer comprehensive and seamless
security to the consumer anywhere, anytime.
"Allot continues to invest in leading network-based security
capabilities to empower CSPs to offer value added security services
to consumers and businesses," said Erez
Antebi, President and CEO at Allot. "This acquisition
complements our developments in Security by adding advanced home
router protection capabilities, which are critical in the IoT
Security value chain."
The consideration to be paid will not have a material impact on
Allot's financial situation.
About Allot Communications
Allot Communications Ltd. (NASDAQ: ALLT, TASE: ALLT), is a
provider of leading innovative network intelligence and security
solutions for service providers worldwide, enhancing value to their
customers. Our solutions are deployed globally for network and
application analytics, traffic control and shaping, network-based
security services, and more. Allot's multi-service platforms are
deployed by over 500 mobile, fixed and cloud service providers and
over 1000 enterprises. Our industry leading network-based security
as a service solution has achieved over 50% penetration with some
service providers and is already used by over 18 million
subscribers in Europe. Allot. See.
Control. Secure. For more information, visit
http://www.allot.com.
Public Relations Contact:
Sigalit Orr
Director Corporate Communications
International dialing +972-9-761-9171
sorr@allot.com
Investor Relations Contact:
GK Investor Relations
Ehud Helft/Gavriel Frohwein
+1-646-688-3559
allot@gkir.com
SOURCE Allot Communications Ltd.