Sandvine and Procera announce network intelligence merger

Canada’s Sandvine Corporation will be merged with US Procera Networks to create a $700 million network intelligence player.
Procera was acquired by private equity firm Francisco Partners for $240 million back in 2015, but a couple of months ago Sandvine announced it was going to be acquired by Vector Capital for CA$483 million (US$383 million). This announcement seems to amount to a gazumping by Francisco as the Vector move was only terminated today, with a termination payment of CA$17 mil