Burlington, MA-based Acme Packet (NASDAQ:[[ticker:APKT]]), which sells hardware and software for managing and securing communications over the Internet, reports today that it has acquired privately owned communications software firm Covergence, of Maynard, MA, for about $22.2 million in Acme common stock and $600,000 in cash to Covergence shareholders and tax withholding payments. Covergence executives Ken Kuenzel, Jim Donovan, and Marty Falaro will move to Acme packet in Burlington to work in similar roles. Acme plans to close Covergence’s offices in Maynard, and the acquirer is still deciding which other employees among the 60 workers at Covergence it will keep, says Richard Williams, a spokesman for Acme.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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