Cisco to Buy Active Voice

Cisco will pay approximately $266 million in stock for the vendor of unified messaging solutions

November 10, 2000

1 Min Read

SEATTLE -- Active Voice Corporation (Nasdaq: ACVC - news), a world leader in providing unified messaging and computer telephony software solutions, today announced that it has entered into a definitive agreement to be acquired by Cisco Systems, Inc. The acquisition of Active Voice supports Cisco's vision to deliver unified communications and a single, end-to-end Internet Protocol (IP) network combining data, voice, and video for the corporate enterprise. Under the terms of the agreement, Cisco will pay approximately $266 million in stock for Active Voice's Unity(TM) operation comprised of IP-based unified messaging solutions. Cisco will also pay approximately $30 million in stock for Active Voice's circuit switched PBX voicemail solutions, which will be sold after the acquisition closes, to a newly formed entity comprised of former Active Voice employees for $30 million.

"The acquisition of Active Voice represents an exciting opportunity," says Frank J. Costa, Active Voice's CEO and president. "I congratulate our entire team on their tremendous accomplishment in delivering a unified messaging product that will accelerate the adoption of new IP telephony communications systems, while also supporting our customer's current investments with superior circuit switch integration, and dual IP/PBX support."

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