Sunday, August 30, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Alienware Brings Liquid Cooling and Dynamic Overclocking to Holiday Lineup
Razer Launches Wildcat Xbox One Controller And Upgraded Nabu Smartband
Workstation Market Shippments Rebound In Q2
Google Will Help You Find Your Plumber
IFA 2015: What We Know So Far
Acer Liquid Z410 And Liquid Jade Z Phones Released
Huawei Honor Phones Coming To Europe
AMD Radeon R9 370X Graphics Card Launched In Asia
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > General Computing > Eicon N...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, August 10, 2006
Eicon Networks to Purchase Intel's Media and Signaling Business


Eicon Networks Corporation ("Eicon") and Intel Corporation today announced that they have signed an agreement for Intel to sell the assets of its media and signaling business to Eicon.

The acquisition is expected to allow Eicon to become a leading player in the media processing and signaling market segment. The sale will enable Intel to focus its investments on its core communications and embedded businesses, including Intel? Architecture and network processors, modular communications platforms and optical modules. The transaction is expected to close in approximately four to six weeks and is subject to regulatory review and normal closing conditions. Financial terms are not being disclosed.

Intel's media and signaling business includes all of the product lines from Intel's Dialogic acquisition, as well as Host Media Processing (HMP) software and HMP-enabled blades. Intel's complete line of SS7, PBX integration and gateway solutions are also included in the sale.

With Eicon's complementary Diva Server line of products, it is anticipated that the acquisition will enable Eicon to provide enhanced enterprise and service provider offerings to current Eicon and Intel customers as well as future customers. Eicon plans to continue to work closely with Intel as an active member of the Intel? Communication Alliance.

Eicon also announced that concurrently with the acquisition, leading global investment groups Investcorp Technology Ventures and Tennenbaum Capital Partners will invest in Eicon, with Investcorp serving as the lead equity investor in the transaction and Tennenbaum providing a credit facility and serving as an equity co-investor.

"This is a very exciting day for Eicon," said Nick Jensen, Eicon Networks' president and CEO. "Eicon's and Intel's media and signaling products complement each other well. We expect this acquisition to extend our global reach with solutions for both traditional circuit switch communication technology and leading-edge IP platforms for both enterprises and service providers.

"We are also very pleased that the prestigious investment firms of Investcorp and Tennenbaum believe so strongly in the potential of the company following the acquisition that they have chosen to become shareholders in Eicon," Jensen added.

"Our investment in the combination of Eicon and the Intel assets reflects our confidence in the tremendous potential of the media and signaling space," said Savio Tung, head of Investcorp Technology Ventures. "Equally important, we have a great deal of experience executing complex spin-out transactions to help ensure a smooth transition with Eicon."

"We are delighted to have the opportunity to invest in the combination of Eicon and the Intel assets," said Steven Chang, a Partner at Tennenbaum. "We're committed to providing management with the financial resources and expertise they need to continue to provide innovative products and services to customers and grow the business. This investment underscores Tennenbaum's continued commitment to investing in technology companies and highlights our confidence in the media processing and signaling market segments."

"Intel is sharpening its focus on communications and embedded market segments that are aligned with our core businesses," said Anthony Neal-Graves, general manager of Intel's Modular Communications Platform Division. "The media and signaling business continues to present an attractive market opportunity, and these products will continue to be an important part of the Intel ecosystem. We will continue to collaborate with Eicon to ensure that customers have complete and competitive Intel Architecture-based solutions."

Intel's media and signaling business includes approximately 600 employees involved in a variety of functions, including engineering, product testing and validation, operations and marketing. It is expected that a significant number of these employees will become employees of Eicon. The two companies will be working together during the coming months to seamlessly transition the business in order to continue to offer high quality service and support to all customers.

This sale does not impact Intel's communications infrastructure products for telecommunications equipment manufacturers, including its industry-leading Advanced Telecom Computing Architecture (ATCA) blades and carrier-grade rack mount servers, and its CompactPCI compute blades and chassis.


Previous
Next
CMC Magnetics Sells Optical Discs Under Own Brand In China        All News        Software Mines Internet To Identify Music Piracy
LinuxWorld San Francisco Kicks Off Next Week     General Computing News      Software Mines Internet To Identify Music Piracy

Get RSS feed Easy Print E-Mail this Message

Related News
Intel Talks About Skylake At IDF
Intel Outlines Expanded RealSense And Optane Technologies At IDF
Intel To Bring Xeon Processors to Notebook PCs
Researcher Discovers Flaw in Intel Processors
Intel Teases With Skylake Processor Family and Z170 Express Chipset Debut
Intel Releases 3rd Gen Wireless-AC 8260 for Windows 10
Intel Skylake Processors To Provide Significant Graphics Boost
Intel And Rackspace To Promote The Benefits of the Cloud Through New Initiative
Intel Hits Q2 Financial Target, Pushes Back Transition to 10nm
Intel President To Leave The Company
Intel Compute Stick Comes With Ubuntu
Intel Eyes Future of Wearables With Acquisition Of Recon

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .