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Latest Atreus Systems News
Apr 3, 2013
Sonus buys Canada firm, Atreus Systems Apr 21, 2008, 4:59pm EDT Share Save Article Westford communications infrastructure vendor Sonus Networks Inc. has acquired Canadian Internet protocol (IP) provisioning software maker Atreus Systems Inc. Ottawa-based Atreus Systems makes provisioning software for fixed line and wireless service providers. The company's products, which will be integrated into the Sonus (Nasdaq: SONS) platform, will create "a simple and integrated IP communications environment to manage next-generation communications," according to a Sonus statement. No financial details surrounding the deal were provided. Atreus has raised more than $34 million in funding since its inception in 1999. Investors include BDC Venture Capital, Skypoint Capital Corp. and TELUS Ventures of Canada, Blueprint Ventures of California, SAIC Venture Capital Corp. of Las Vegas, and Meritage Private Equity Funds and Mobius Venture Capital, both of Colorado. Atreus brings several established customers to the deal, including KPN Telecom NV, Level 3 Communications Inc., PCCW Ltd., and Telus Corp. According to a report from the Ottawa Citizen, Atreus CEO Andrea Baptiste will join Sonus, though no position was reported or immediately available. In 2007, Sonus reported $97.1 million in revenue and a net profit of $14 million. Want Boston news in your inbox? Sign up for our free email newsletters. Suggested Reading
Atreus Systems Frequently Asked Questions (FAQ)
Where is Atreus Systems's headquarters?
Atreus Systems's headquarters is located at Ottawa.
What is Atreus Systems's latest funding round?
Atreus Systems's latest funding round is Acquired.
How much did Atreus Systems raise?
Atreus Systems raised a total of $13M.
Who are the investors of Atreus Systems?
Investors of Atreus Systems include Ribbon Communications, BDC Venture Capital, TELUS Ventures, Skypoint Capital, Blueprint Ventures and 5 more.