AGC Partners Advises Axerra on its Sale to Dragon Wave

Axerra Networks, Inc., a leader in pseudowire technology and solutions for mobile backhaul, has been sold to DragonWave, Inc., a provider of packet microwave radio systems that has gained prominence in recent years as a supplier to Clearwire. This is DragonWave’s first acquisition, and the transaction substantially strengthens the company’s product offering while diversifying its customer base, adding a Tier-1 US MSO. The combined product portfolio will result in a robust converged solution enabling wireless operators to carry both TDM and packet-based traffic over both microwave and fiber backhaul networks. With a team led by Rudy Minar, America’s Growth Capital acted as sole financial advisor to Axerra.