Ribbon Communication completed the acquisition of ECI Telecom for $455m.

Ribbon Communications, a software provider specializing in secure and intelligent cloud communications, completed the acquisition of ECI Telecom Group, a provider of IT, and data services, for 32.5m shares of Ribbon common stock and $324m in cash. ECI stockholders will also receive approximately $31m from ECI’s sale of real estate assets. "We are excited to join forces with Ribbon, bringing together Ribbon’s and ECI’s rich portfolios of communications solutions. We aim to create a powerhouse company that offers world-class products for enhanced customer experience, benefiting our combined global customer base,” Darryl Edwards, ECI President, and CEO.