In a bid to enhance their placement in the media processing and signaling market, Eicon Networks
announced today they will purchase Intel Corporation's
media and signaling business. Financial terms of the purchase, expected to close in four to six weeks, are not being disclosed.
According to a news release
, the sale will "enable Intel (News
) to focus its investments on its core communications and embedded business, including Intel Architecture and network processors, modular communications platforms and optical modules."
Products included in the sale: Intel's HMP software, HMP-based blades, SS7, PBX integration and gateway solutions and the entire product line from their Dialogic acquisition.
"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 in a statement to the press.
"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."
Along with the acquisition, Eicon also announced today new equity investors, Investcorp Technology Ventures, which will serve as a lead equity investor and Tennenbaum Capital Partners, which will serve as an equity co-investor.
"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," commented Nick Jensen, Eicon Networks' (News
) president and CEO.
According to the news release, the acquisition is will also strengthen the Eicon Diva Server product line by offering both companies customer's enhancements in their enterprise and service provider offerings.
*Stay tuned to TMCnet
for more on this news.