Our client, AudioCodes (Nasdaq: AUDC – News), has announced the successful completion of its previously announced acquisition of Netrake Corporation, a leading provider of Session Border Controllers (SBC) and Security Gateway solutions.
SBCs enable connectivity, policies and security for real-time sessions such as VoIP and video when traversing IP to IP networks. Security Gateways enable secure real-time sessions across wifi, broadband and wireless networks in Fixed Mobile Convergence (FMC) deployments.
Under the definitive agreement, announced on July 6, 2006, Netrake Corporation was acquired for a purchase price of $10 million, which was paid in cash at closing.
You may read the news release by clicking here.