Eicon Networks To Purchase Intel’s Media and Signaling Business
Eicon Networks Corporation 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.
I'm here at SpeechTEK in NYC with Tim Moynihan of the Intel Communications Group and Jorgen Scharnowsky the VP of Marketing for Eicon, we have an anouncment....never a dull moment at SpeechTEK in NYC.
Intel sponsored a New Orleans jazz themed party at SpeechTEK last night, there were rumors in the air but no announcement was made. The party would have been an ideal platform for the announcement; we could have turned it into a celebration of Intel and Eicon.
I live just three miles from the former Dialogist’s building and I can still remember the first time I saw the Intel sign on route 10 in Parsippany as visions of men in Bunny suits flashed through my mind..
In 2003 I attended the last
Intel Communications Forum in the desert of Arizona where I first met
Sean Maloney who's boss Paul Otellini said in April that
Intel would review every one of its businesses, possibly selling off the communications Group.