AudioCodes Sweeps up Netrake

Greg Galitzine : Greg Galitzine's VoIP Authority Blog
Greg Galitzine

AudioCodes Sweeps up Netrake

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.
 
Following the transaction, Netrake will become a wholly-owned subsidiary of AudioCodes.


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