Veraz, Dialogic to Merge

Veraz Networks and privately held Dialogic announced that they have entered into a definitive agreement to merge

May 12, 2010

1 Min Read

SAN JOSE, Calif. -- Veraz Networks (NASDAQ: VRAZ), a leading provider of bandwidth optimization and next generation switching products, and privately held Dialogic Corporation, a pioneer in enabling interactive mobile video services and applications, today announced that they have entered into a definitive agreement to merge.

“The merger of Veraz and Dialogic will create a new and exciting company with the product portfolio and resources to be a true mission critical supplier to service providers”

After closing, the name of the merged company will be Dialogic, and it will be a global leader in communications products and services to the telecommunications service provider and enterprise markets. The merged company is expected to be led by Nick Jensen as Chairman of the Board and Chief Executive Officer (current Chairman of the Board and Chief Executive Officer of Dialogic), and Doug Sabella as President and Chief Operating Officer (current Veraz President and Chief Executive Officer), with headquarters in San Jose, CA.

“While the capability of mobile networks around the world has been steadily expanding, the future will bring even greater demands on the networks due to the unprecedented growth in global mobile data and video traffic, “said Nick Jensen, Chairman of the Board and CEO of Dialogic. “By combining Dialogic’s proven expertise in application enablement for voice and video with Veraz’s leadership in voice, data, session control, security, and transport we will be creating a company with innovative products that will enable our customers to unleash the profit of video, voice and data for 3G/4G networks.”

Veraz Networks Inc. (Nasdaq: VRAZ)

Dialogic Corp. (Nasdaq: DLGC)

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