Genband Spins Out Taqua

PLANO, Texas -- GENBAND™ Inc., a market-leading developer of next-generation IP gateways and application solutions, today announced it has signed and closed a definitive agreement with the leadership team responsible for managing the T7000 product family at GENBAND, formally Tekelec.

As part of the recent acquisition of the Tekelec’s Switching Solutions Group, GENBAND acquired the Tekelec 7000 product line, formally Taqua. In an effort to provide the optimum long-term sales, marketing, R&D and support to existing and prospective T7000 customers, GENBAND is spinning out the T7000 business to the new Taqua. Many of the new management and employees have been affiliated with Taqua since its inception in 1999.

“We are confident that the Taqua management team and its employees have the sufficient depth to effectively operate and grow the Taqua business, which has been our primary focus for this transaction,” said Charles Vogt, president and CEO of GENBAND.

Genband Inc.