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WESTFORD, Mass., Feb. 17, 2021 /PRNewswire/ Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications software and IP optical transport solutions to service providers, enterprises, and critical infrastructure sectors, today announced its financial results for the fourth quarter and full year 2020.
Revenue for the fourth quarter of 2020 was $244 million, compared to $161 million for the fourth quarter of 2019, an increase of 52%. Revenue for 2020 was $844 million, compared to $563 million in 2019, an increase of 50%. Approximately $89 million of the year-over-year revenue increase in the fourth quarter and $261 million of the increase in 2020 was attributable to the Company s acquisition of ECI Telecom Group, Ltd. (ECI), which closed on March 3, 2020.
Hermon Laboratories Enters into Agreement to Buy Ribbon s QualiTech Testing and Standardization Business USA - English
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Agreement allows Hermon Laboratories to continue to provide testing and standardization services to Ribbon, while enabling Ribbon to focus on core strategic business
WESTFORD, Mass., Feb. 16, 2021 /PRNewswire/
Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications software and IP optical transport solutions to service providers, enterprises, and critical infrastructure sectors, today announced that the company has entered into an Asset Purchase Agreement under which Hermon Laboratories, a leading provider of testing, measurement and certification services, will acquire the testing and standardization business conducted by Ribbon s QualiTech division. QualiTech operates as an independent division of former ECI Telecom (now part of Ribbon), providing high-quality testing and standardiza
Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications software and network solutions to service providers, enterprises, and critical infrastructure sectors, today announced that Steve McCaffery has joined the company as Executive Vice President of Sales for the EMEA (Europe, Middle East and Africa) and APAC (Asia Pacific) regions. He reports directly to Ribbon's Chief Executive Officer and President, Bruce McClelland.