Wednesday Bytes: SonicWall, CTI, SRT, Sparkle

January 3rd, 2024 by · Leave a Comment

Two bits of inorganic activity, and a new subsea cable alongside some other M&A talk over in Europe:

SonicWall has made an inorganic move to flesh out its cybersecurity portfolio. They have acquired Banyan Security, which specializes in SSE solutions. The deal gives SonicWall access to zero trust security technology and enables them to provide cloud-based SASE solutions to the enterprise market. It’s SonicWall’s second deal this season, having bought Solutions Granted, Inc. a week before Thanksgiving.

CTI Towers is buying a swath of towers in the northern Great Plains. They have announced the purchase of 56 towers in North Dakota from SRT Communications, a rural telecommunications cooperative in the state with a regional fiber network and an expanding FTTH footprint. The deal follows CTI Towers’ deal for 525 towers from Conterra last month and gives them some 1800+ in all.

And Sparkle says it is planning for another cable in the Mediterranean, or more specifically in the Adriatic Sea. The GreenMed cable system will connect Italy to Croatia, Montenegro, Albania, and on to Greece and Turkey. A land connection to Milan will facilitate low latency connectivity to the west and north. Sparkle has been the subject of M&A rumors in recent months, with KKR having made an unsuccessful bid of some $650M in November and said to be readying something larger.

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Categories: Mergers and Acquisitions · Security · Towers · Undersea cables

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