Acme Packet has acquired privately-held Covergence for consideration valued at approximately $22.8 million, consisting of approximately $22.2 million of Acme Packet common stock and an aggregate of $0.6 million in cash payments to stockholders of Covergence and tax withholding payments. The Maynard, MA-based company is an emerging provider of software-based session border controllers (SBCs) for delivering VoIP/IP telephony, unified communications and service-oriented architecture (SOA) applications within global 1,000 enterprises.

Covergence’s software-based SBCs are intended to complement Acme Packet’s existing Net-Net family of custom hardware-based SBCs by extending Acme Packet’s low-end product range to address the needs of small and remote enterprise locations. The core Covergence team will be relocated to Acme Packet’s headquarters in nearby Burlington, MA.

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Wednesday–September 23

Trian Buys Comcast Shares

Hedge fund Trian Fund Management has taken an $870mln stake in Comcast . Trian has now accumulated approximately 20mln shares in the MVPD, according to a WSJ report. “We have recently begun what we believe

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