And I thought buying SBC companies was so 2005.
Who knew?
It’s not quite the $67.5 million that Kagoor fetched from Juniper, nor the $20 million that Ditech spent on Jasomi, but Audiocodes announced this morning that it will purchase Netrake Corp. for up to $11 million in cash.
That’s $10 million in cash at closing, plus an additional $1 million if Netrake achieves certain financial targets as of the closing date.
The deal is expected to close in the Q306.