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RealTime IT News

From Bagel Dog to Internet Incubator

Apple + Astarte, ARM Holdings + Infinite Designs, BAB Holdings + Internet incubator, Intel + Picazo Communications, NetWeb OnLine.Com + Thegolfsupersite.com, PetQuarters.com + WeRPets, SmartForce + Advanced Educational Systems, US Interactive + Think Interactive, Xpedian + MCC of Orlando

 Intel (INTC) acquires Picazo Communications

 

   *  Amount:         Undisclosed

 

   *  Terms:            100% cash
 

   *  Premium:        n/a

 

   *  Industry:        Computer-based communications

 

   *  Scorecard:      A-

 


    SANTA CLARA, April 10--Intel (INTC) said that it acquired Picazo Communications, a developer of computer telephony products, in an all cash deal, as part of its focus on computer-based communications. Terms of the deal were not disclosed.

    Picazo, based in San Jose, Calif., has become a wholly-owned Intel subsidiary and will operate within Intel's Communications Products Group. Picazo develops software called CT Media server software which is used to build advanced telecom servers.