Eicon Networks Corporation has announced 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 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.
“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.