Audiocodes agreed to acquire Nuera Communications, a provider of packet voice gateways for MSOs and service providers, for $85 million in cash plus up to an additional $5 million if Nuera achieves certain revenue milestones during the first 12 months after consummation of the transaction.
Nuera's ORCA (Open Reliable Communications Architecture) product family of VoIP gateways, softswitches, and management systems provide telephony solutions for cable and DSL networks, international long distance networks and enterprise networks.
"This Agreement with Nuera places AudioCodes in a stronger position in the Cable and Voice over Broadband markets and in particular in North America and Asia," said Shabtai Adlersberg, Chairman, President and CEO of AudioCodes.
http://www.audiocodes.comhttp://www.nuera.com
- Nuera has raised $80 million in venture funding since its inception in 1997. Previous investors in Nuera have included Comcast Interactive Capital, Cox Communications, Sandler Capital Management, Argo Global Capital, HarbourVest Partners, Bay Partners, Gleacher & Co., Goldman Sachs, Deutsche Bank Capital Partners, SAIC Venture Capital, and J.F. Shea.
- In June 2004, Cox Communications awarded a multiyear contract to Nuera Communications Inc. to provide media gateways for its nationwide VoIP deployments.
- In May 2004, Nortel Networks agreed to integrate, sell and support VoIP gateways from Nuera Communications as part of an integrated PacketCable qualified solution.
