{"id":45364,"date":"2013-01-07T09:01:00","date_gmt":"2013-01-07T05:01:00","guid":{"rendered":"http:\/\/localhost\/?p=45364"},"modified":"2013-01-07T10:01:20","modified_gmt":"2013-01-07T06:01:20","slug":"kelownas-vineyard-networks-acquired-for-28-million","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/kelownas-vineyard-networks-acquired-for-28-million","title":{"rendered":"Kelowna&#8217;s Vineyard Networks Acquired for $28 Million"},"content":{"rendered":"<p><a><img decoding=\"async\" style=\"float: right; margin: 15px;\" src=\"http:\/\/farm9.staticflickr.com\/8055\/8358754674_d8a367de03.jpg\" alt=\"\" width=\"320\" height=\"180\" \/>Procera Networks<\/a> <a href=\"http:\/\/www.proceranetworks.com\/recent-press-releases\/1086-procera-networks-to-acquire-vineyard-networks.html\">announced today<\/a> that it has entered into a definitive agreement to acquire Kelowna&#8217;s Vineyard Networks for $28 Million.<\/p>\n<p>Founded in 2008, Vineyard Networks has been named as a&nbsp;<a href=\"http:\/\/www.vineyardnetworks.com\/company\/awards\">2011 Red Herring Global 100 Tech Startup Winner<\/a>, recognized as one of&nbsp;<a href=\"http:\/\/www.vineyardnetworks.com\/company\/awards\">BC&rsquo;s Top 10 Places to work<\/a>, chosen for the&nbsp;<a href=\"http:\/\/www.vineyardnetworks.com\/company\/awards\">2012 Ready to Rocket<\/a>&nbsp;list, and selected as one of&nbsp;<a href=\"http:\/\/www.vineyardnetworks.com\/company\/awards\">Canada&rsquo;s 25 Most Innovative Companies<\/a>.<\/p>\n<p><!-- pagebreak --><\/p>\n<p>&ldquo;Procera and Vineyard have natural synergies,&rdquo; said Jason Richards, Vineyard&rsquo;s CEO. &ldquo;Vineyard&rsquo;s leadership in Enterprise DPI combined with Procera&rsquo;s industry-leading suite of PacketLogic products provides customers and partners with a single solution for Intelligence, Analytics and Enforcement.&rdquo;<\/p>\n<p>The total consideration for the acquisition is $28 million, comprised of $15.4 million in Procera common stock and $12.6 million in cash. The acquisition is subject to the satisfaction of certain closing conditions, and is expected to close on or before January 15, 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Procera Networks announced today that it has entered into a definitive agreement to acquire Kelowna&#8217;s Vineyard Networks for $28 Million. Founded in 2008, Vineyard Networks has been named as a&nbsp;2011 Red Herring Global 100 Tech Startup Winner, recognized as one of&nbsp;BC&rsquo;s Top 10 Places to work, chosen for the&nbsp;2012 Ready to Rocket&nbsp;list, and selected as [&hellip;]<\/p>\n","protected":false},"author":54503,"featured_media":45366,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-45364","magazine","type-magazine","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/45364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/54503"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/45364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=45364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=45364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=45364"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=45364"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=45364"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=45364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}