Sandvine Buys Two

Sandvine Corp. (TSX: SVC) has acquired CableMatrix Technologies Inc., an Isreal-based provider of quality assurance solutions for broadband Internet service. It also has agreed to acquire Simplicita Software Inc., a Denver-based provider of automated security software. The deal are worth a combined $9 million, including $4.5 million in cash, 0.9 million Sandvine common shares and an earn-out of 0.6 million additional shares. CableMetric shareholders include EnerTech Capital Partners, Intel Capital, Veritas Venture Partners and Walden Israel. Simplicita shareholders include FFP Holdings.