Sandvine scuttles Scalar deal; accepts $562M takeover bid from Francisco Partners

WATERLOO, ON – Less than two months after announcing that it was being bought by Scalar Acquireco Corp. for CAD $483 million, Sandvine Corporation said Monday that it is now being acquired by Francisco Partners' affiliate PNI Canada Acquireco Corp in a deal valued at approximately CAD $562 million.As part of the new deal, Sandvine will be combined with California-based networking equipment company Procera Networks. The combined company, led by Procera's CEO Lyndon Cantor, and CFO Richard Deggs, will retain the Sandvine name."We are excited to bring together two great companies and teams in the combination of Procera and Sandvine," said...