Published: October 01, 2010
Dialogic and Veraz Networks Complete Merger
SAN JOSE, Calif. - (BUSINESS WIRE) - Dialogic
Corporation, a pioneer in enabling interactive
mobile video services and applications, and Veraz
Networks, a leading provider of bandwidth optimization and next
generation switching products, today announced the completion of the
merger of the two companies.
At Veraz's special meeting of shareholders held on September 30, 2010,
shareholders voted to approve three proposals: a merger with Dialogic
Corporation; changing the name of the company to Dialogic Inc.; and a 5
for 1 reverse stock split of Veraz's issued and outstanding common
shares resulting in approximately 31 million shares outstanding as of
today.
The merged company, headquartered in San Jose, CA, is now named Dialogic
and is publicly traded on the NASDAQ under the ticker symbol (NASDAQ:
DLGC). Nick Jensen leads the company as Chairman of the Board and Chief
Executive Officer (formerly Chairman of the Board and Chief Executive
Officer of Dialogic), and Doug Sabella is the President and Chief
Operating Officer (formerly Veraz President and Chief Executive
Officer). The new Dialogic product portfolio enables service
providers, enterprises and developers to unleash the profit of video,
voice and data for advanced networks.
"While the capability of mobile networks around the world has been
steadily expanding, the future will bring even greater demands on these
networks due to the unprecedented growth in global mobile data and video
traffic," said Jensen. "By combining Dialogic's proven expertise in
enabling applications for voice and video with Veraz's leadership in
voice and data session control, security and transport, we've created a
company that gives our customers the technologies to maximize the
multimedia capabilities of 3G/4G networks. In fact, over 2 billion
mobile subscribers today communicate on the networks of service
providers who have built their solutions on Dialogic products."
The merger of Dialogic and Veraz enhances the company's worldwide
service and support offerings and creates an extensive global customer
base that includes some of the largest customers in the service provider
communications market, along with greater financial resources to pursue
opportunities in markets throughout the world.
"As a customer of both Dialogic and Veraz, we believe that the merger of
the two companies will continue to enable iBasis to meet the ever
changing demands of the networks so we can connect voice, data and video
calls to and from all types of fixed and wireless networks," said Ajay
Joseph, CTO at iBasis, one of the largest carriers of international
voice calls in the world and a division of Royal KPN N.V. "We look
forward to continuing our relationship with Dialogic and are pleased
that their expanded product offering will help us further enhance our
role as a global leader in Voice over Internet Protocol (VoIP)."
"The combined Dialogic and Veraz is positioned to provide service
providers with not only stand-alone media, including video, signaling
and security solutions, but also integrated media, signaling and
security which will make them competitive in the marketplace," said
Diane Myers, Directing Analyst, Service Provider VoIP and IP Multimedia
Subsystem (IMS) at Infonetics Research, a premier international market
research and consulting firm specializing in data networking and
telecom. "Session Border Controllers (SBCs) and media servers will be
the main growth engines for the carrier VoIP market in 2010. For
example, the SBC market is accelerating, with worldwide 2Q10 revenue up
27 percent sequentially and up 70 percent over 2Q09, a signal that
IP-to-IP connectivity is continuing to overtake IP-to-TDM connectivity."
"With the merger of Veraz and Dialogic now complete, we are excited to
start as a new company with a tremendous product portfolio, and we
envision many opportunities for service providers, including their
ability to offer enterprise solutions through initiatives such as cloud
computing," said Sabella. "Dialogic will have an unparalleled ability to
deliver and manage voice, video and data services on an end to end basis
and to offer our customers a broader range of solutions."
For specific information about VRAZ shares, DLGC shares, CUSIP numbers
and other stock information, investors can access a list of Frequently
Asked Questions (FAQ) about these topics at http://investor.dialogic.com/.
About Dialogic
For over 25 years, Dialogic (NASDAQ: DLGC) has been providing
communications platforms and technology to enterprise and service
provider markets. Our portfolio of IP and TDM based multimedia
processing and call control technologies enables developers and service
providers to build and deploy innovative applications without concern
for the complexities of the communications medium or network. This
empowers our customers to unleash the profit from video, voice and data
for advanced networks. Dialogic is a registered trademark of Dialogic
Corporation.
For more information on Dialogic, visit www.dialogic.com.
Also, find us on the following social networking sites:
This press release may contain forward-looking statements regarding
future events that involve risks and uncertainties. Readers are
cautioned that these forward-looking statements are only predictions and
may differ materially from actual future events or results. These
forward-looking statements involve risks and uncertainties, as well as
assumptions that if they do not fully materialize or prove incorrect,
could cause our results to differ materially from those expressed or
implied by such forward-looking statements. The risks and uncertainties
that could cause our results to differ materially from those expressed
or implied by such forward-looking statements include but are not
limited to, potential sales of Dialogic products and services, synergies
from the merger of Dialogic and Veraz Networks, the growth of the
markets in which Dialogic sells its products and other risks and
uncertainties described more fully in our documents filed with or
furnished to the Securities and Exchange Commission. More information
about these and other risks that may impact Dialogic's business is set
forth the "Risk Factors" section in our 10-K for the year ended December
31, 2009 and our 10-Q for the quarter ended June 30, 2010 as filed with
the Securities and Exchange Commission. These filings are available on a
website maintained by the Securities and Exchange Commission at http://www.sec.gov.
All forward-looking statements in this press release are based on
information available to us as of the date hereof, and we assume no
obligation to update these forward-looking statements. (VRAZ-IR)
(DLGC-IR)

Media:
Dialogic
Kristen
Perry
+ 1 973-967-6665
kristen.perry@dialogic.com
or
Vantage
Communications
Brianna Swales
+ 1 843-576-4139
bswales@pr-vantage.com
or
Investor
Relations:
MBS Value Partners
Ron Vidal or Lynn
Morgen
+1 212-750-5800
Copyright © 2012, Business Wire, Inc., All rights reserved.
Copyright © 2012, NewsBlaze,
Daily News