Syntellect Inc. Sells Dytel Product Line to Newly Formed Dytel Inc.

Strategic Insights -

Syntellect Inc., a global provider of voice processing solutions, has announced the sale of its Dytel product line to Dytel Inc., a newly formed company based in Wood Dale, Illinois. Under the terms of the agreement, the buyer receives the Dytel name, related trademarks, and the equipment necessary to sell and service the product, while Syntellect retains the original Dytel patents, accounts receivable, and certain other assets. This sale is seen as a win-win for all parties involved, as it enables Syntellect to discontinue investing in a business that does not meet its long-term strategic goals, while protecting current Dytel customers and allowing former Dytel employees to build a business based on a product line they know and have a well-established market position.

Key Takeaways:

  • Syntellect Inc. has sold its Dytel product line to Dytel Inc., a newly formed company in Wood Dale, Illinois.
  • The sale includes the Dytel name, related trademarks, and the equipment necessary to sell and service the product.
  • Syntellect retains the original Dytel patents, accounts receivable, and certain other assets.
  • The purchase price was not disclosed.
  • The sale is seen as a win-win for all parties involved, as it enables Syntellect to focus on other business areas, protects current Dytel customers, and allows former Dytel employees to build a business based on a product line they know.
  • Dytel was originally acquired by Syntellect in July 1992, primarily for its patent portfolio.
  • The Dytel Call Center Gateway features the patented Automated Attendant, which automatically answers calls and allows callers to dial a specific extension.
  • Syntellect Inc. is a global developer and provider of open voice processing solutions.
  • Founded in 1984, the company has installed more than 10,000 systems for over 1,000 customers worldwide.

Statistics:

  • Over 10,000 Syntellect systems have been installed for more than 1,000 customers worldwide.
  • Syntellect was founded in 1984.
  • The company has a global presence with installations in various regions.
  • Dytel was originally acquired by Syntellect in July 1992.

Sources:

  • PRNewswire (dated February 21, 1995)
  • Syntellect Inc. website (information about the company's history and products)
  • /CONTACT: Dian Melius of Syntellect, 602-789-2866/ ( Phone number and contact information for Syntellect)