Eicon also said that it would be proceeding to change its name to Dialogic Corporation as it moves to merge the two businesses into one.
Dialogic's focus will be on multimedia processing, signalling and converged communications.
Investcorp is serving as the lead equity investor in the transaction, while Tennenbaum is providing a credit facility and serving as an equity co-investor.
Nick Jensen, president and chief executive at Dialogic, said: "The company will focus on service provider and enterprise market segments with a very strong line-up of products now unified under the Dialogic name."
The creation of Dialogic sees Eicon's Diva Server product line augmenting products from the Intel Media and Signalling business, including the range of Dialogic analogue and T1/E1 network interface/voice cards, PBX integration/station interface cards, voice and video host media processing software and HMP-enabled boards.
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