Intel has snapped up computer telephony company Dialogic for $780 million.
According to Intel, the purchase of Dialogic is aimed at expanding Intel's standard high volume server business in the multi billion dollar networking and telecommunications market by providing industry vendors with standards based hardware and software building blocks for integrated voice and data networks.
Dialogic's products are used in voice, fax, data, speech recognition, call centre management and Internet protocol IP telephony in both enterprise and service provider market segments.
Craig Barrett, Intel president and chief executive officer, commented: "This merger strengthens Intel's position as a key supplier to the converging Internet and telecommunications industry."
He added, "Our goal is to make Intel based servers the foundation of ebusiness and communications applications based on integrated voice and data networks."
Under the terms of the deal, Dialogic will become a wholly owned subsidiary of Intel, reporting within Intel's Enterprise Server Group. Dialogic employees will continue as employees of the new subsidiary and Howard Bubb, Dialogic president and chief executive officer, will join Intel as a vice president of the Enterprise Server group.
Both companies said there would not be any immediate changes to their respective product lines.
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