Dialogic Corporation Enters into Agreement to Acquire NMS Communications Platforms Business!
MONTREAL, Quebec. September 12, 2008 – Dialogic Corporation (“Dialogic”) announced today that it had entered into a definitive agreement with NMS Communications Corporation (“NMS”) through which Dialogic plans to acquire the NMS Communications Platforms business, which provides enabling technology and tools for value-added services in mobile telecommunications. The NMS Communications Platforms business features the Open Access family of boards and APIs including PacketMedia Host Media Processing, and the AG series, TX series, CG series, MG series as well as the Vision family of servers and gateways.
Under the terms of the definitive agreement, Dialogic plans to acquire the NMS Communications Platforms business and associated assets and agreed upon liabilities for total consideration of $28M in cash, subject to certain adjustments set forth in such definitive agreement. The transaction has been unanimously approved by NMS’s board of directors and is expected to close in the fourth quarter of 2008 subject to the receipt of required regulatory approvals and satisfaction of customary closing conditions. The transaction is also subject to approval by the stockholders of NMS, and a special meeting of NMS’s stockholders is anticipated to be held during the fourth quarter of 2008.
“The mobile value added service market segment is a critical growth area for Dialogic and, as such, NMS’s products and employees will be an important asset to us going forward. The inclusion of video as an increasingly important element of a typical mobile phone call is an important investment area for Dialogic. Combining the Dialogic® video technology with the NMS Vision product line will enable a quicker time to market and a more complete product offering than either of us could have provided on our own”, said Nick Jensen, Dialogic’s President and CEO. “NMS’s excellent high density technology enabling boards will also complement the current Dialogic TDM, IP and hybrid technology enabling offerings.”
“We are pleased that Dialogic is acquiring the NMS Communications Platforms business”, said Bob Schechter, NMS’s Chairman and CEO. “We believe that Dialogic will be a great supplier of superior technology and innovation to the NMS customer base, including LiveWire Mobile, going forward.”
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