Eicon Networks Completes Acquisition of Intel's Media and Signalling Business
MONTREAL, Quebec. Oct 4th, 2006 - Eicon Networks Corporation ("Eicon") announced today that its acquisition of Intel Corporation's Media and Signalling business has been completed.
Eicon also announced that it would be proceeding to change its name to Dialogic Corporation ("Dialogic") as it swiftly moves to merge the two businesses into one. Dialogic's focus will be multimedia processing, signalling and converged communications as it assumes the leadership position in its chosen market segments.
The new Dialogic will have strong financial backing with leading global investment groups Investcorp Technology Ventures and Tennenbaum Capital Partners. Investcorp is serving as the lead equity investor in the transaction, and Tennenbaum is providing a credit facility and serving as an equity co-investor.
"We have chosen the name Dialogic because it is one of the best known brands in the telecommunications industry with enormous traction throughout the world", said Nick Jensen, the new Dialogic's President and CEO. "The company will focus on Service Provider and Enterprise market segments with a very strong line-up of products now unified under the Dialogic name."
Eicon's Diva Server product line is now complemented by products from the Intel Media and Signalling business, including the broad range of Dialogic analogue and T1/E1 network interface and voice cards, PBX integration and station interface cards, voice and video Host Media Processing software and HMP-enabled boards, SS7 and signalling solutions (including an SS7-based AMC card), gateway solutions, and ATCA -based multimedia server product line.
With this complete product line the new Dialogic has extensive coverage to address its target market segments with the emphasis on quality, service and ease of doing business - all backed by industry leading support. This is underwritten by over twenty Dialogic offices that will provide local presence, knowledge and support worldwide and serve our customers around the globe.
"We are very excited by the huge opportunity the new Dialogic offers.
We want to continue to service our combined customer base and new customers, meeting the traditional market needs and those of the emerging wireless and IP market. We have many new developments planned in HMP, Video, SIP, multimedia gateways, and signalling servers and gateways which will enable us to make waves in the industry", said Jim Machi, Dialogic's Vice President - Product Marketing. "Our mission is to become the number one open systems platform provider for the converged communications market segment".
The new Dialogic and Intel will work together during a transition period to ensure a smooth integration of the businesses and that product supply and support is essentially 'business as usual' for all customers. The new Dialogic plans to move quickly toward a fully integrated operation.
For more information on the new Dialogic can be found at www.dialogic.com.
About Eicon (soon to be renamed Dialogic) Eicon, founded in 1984, provides media processing hardware and software that enable developers and system integrators to deliver applications for voice, speech, conferencing, VoIP, fax and IP based solutions.
Eicon's flagship Diva Server products share a powerful common architecture along with a wide range of tools for developers and market leading support. Eicon is also the recognized leader in the X.25 market space.
Eicon, headquartered in Montreal with offices worldwide, distributes, markets and supports its products through an extensive network of channel partners, independent software vendors (ISVs), telecommunication companies (telcos), service providers and original equipment manufacturers (OEMs). Information about Eicon is available at www.eicon.com.
About Investcorp Technology Ventures
Based in New York and London, Investcorp Technology Ventures focuses on venture buyouts, corporate spinouts and growth capital financing of established technology companies. Investcorp Technology Ventures is part of Investcorp, a global investment group with offices in New York, London and Bahrain. It was established in 1982 and has since completed transactions with an aggregate value of approximately $30 billion.
Investcorp currently manages over $9.9 billion in private equity, venture capital, real estate and other alternative investments. Further information is available at www.investcorp.com.
About Tennenbaum Capital Partners
Tennenbaum Capital Partners is a Santa Monica, California-based private investment firm managing over $4 billion in private funds. Tennenbaum focuses on investment opportunities between $50 million to $250 million.
The firm's investment strategy is based on a long-term horizon and value-oriented approach. Tennenbaum's core strengths include an in-depth knowledge of equity and debt financing vehicles in the public and private markets with a focus on complex investments such as acquisitions and special situations. Tennenbaum has extensive investment experience in several industries, including retail, manufacturing, energy and power as well as technology and telecom. Recent investments in the technology sector include Celerity, Inc., Enterasys Networks, Information Resources, Inc., Isola Group, Lawson Software, Online Resources Corporation and Vitesse Semiconductor. For more information, please visit www.tennenbaumcapital.com.
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