Communications platform Bandwidth (NASDAQ: BAND) has completed its acquisition of cloud communications company Voxbone. Voxbone will operate under the Bandwidth brand.
Details of the Deal
The acquisition was completed with a cash and stock deal. The enterprise value of the deal is 446 M euros, or approximately $519.4 million. Consideration to Voxbone shareholders was about 354.6 M euros in cash, or approximately $413 million. The rest was in 663,394 shares of Bandwidth class A common stock (approximately 91.3 M euros, or $106.4 million).
The newly combined companies also announced changes to leadership titles. Voxbone Chief Revenue Officer Amaya Lantero will become General Manager, International, for Bandwidth. She will lead international operations, including commercial, product…