Nortel Buys DiamondWare

OTTAWA -- Today Nortel(1) (TSX: NT)(NYSE: NT) announced it has acquired DiamondWare(2), a pioneer in high-definition, proximity-based 3D positional voice technology that brings life-like sound to virtual web and voice communications. The acquisition furthers Nortel's drive to transform communications to allow people to collaborate in more interactive and immersive ways.

"A key goal of Nortel has always been to use technology to replicate the richness of a real-world communications experience," said John Roese, Nortel's chief technology officer. "The acquisition of DiamondWare strengthens Nortel's position in the converging telecommunications and IT landscapes and gives us another building block to create the ultimate communications experience for our customers."

Nortel Networks Ltd.