Intel Acquires Voice Technologies Group to Enhance Dialogic Subsidiary

Strategic Insights -

Intel Corporation today announced that it has entered into a definitive agreement to acquire privately held Voice Technologies Group, Inc. (VTG) in a cash transaction. The acquisition provides Intel and its Dialogic subsidiary with leading edge capabilities and features to enable most leading private branch exchange (PBX) systems sold worldwide to work with Dialogic's computer telephony server systems and IP gateways.

Key Takeaways:

  • The acquisition provides Intel and Dialogic with access to VTG's product lines, intellectual property, technology, expert engineers, and facilities to enable new products that accelerate the convergence of PBX and Internet technologies.
  • The acquisition will further Dialogic's objective of helping to enable the integration of sophisticated applications, such as IP telephony, unified messaging, speech-based auto attendant, and call center applications, with PBX systems.
  • Intel's Dialogic subsidiary will gain access to VTG's state-of-the-art R&D facility and leading PBX switch and phone technology.
  • The acquisition is subject to regulatory approval and certain closing conditions, with an expected completion in the second quarter of this year.
  • Dialogic will continue to manage the development and support of new and existing PBX products at VTG's Buffalo site.
  • The acquisition provides Intel's Dialogic subsidiary with significantly expanded engineering capabilities for developing standard and customized PBX products.

Statistics:

  • The acquisition is a cash transaction (financial terms of the agreement not disclosed).
  • The acquisition is expected to become final in the second quarter of this year.
  • Dialogic provides the critical building blocks and technical services that enable its customers to develop solutions serving the converging Internet and telecommunications market segments.
  • Dialogic products are used in voice, fax, data, speech recognition and synthesis, call center management, and Internet Protocol (IP) telephony applications in both customer premise equipment (CPE) and public network environments.

Sources:

  • BUSINESS WIRE, Intel Corporation, "Intel Acquires Voice Technologies Group" (February 24, 2000).
  • Intel Corporation, "Intel, the World's Largest Chip Maker, Provides Advanced Technologies to the Mass Market" (2000).
  • Dialogic Corporation, "Dialogic Provides Critical Building Blocks and Technical Services for Internet and Telecommunications Solutions" (2000).