Terayon Buys Internet Telecom
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With an eye on voice-over-IP, Broadband network systems supplier Terayon Communication Systems, Inc. this week purchased Israel-based Internet Telecom for approximately $40 million in an all-stock deal.
Terayon (TERN) expects the buy to support rollout of its VoIP solutions later this year. The deal will also support the company's line of DSL products.
Internet Telecom's suite of VoIP offerings voice compression algorithms, digital signal processing code, signaling protocols for the major worldwide telephony standards, and software systems to enable communication over IP networks.
The systems are planned to adhere to PacketCable and other interoperability standards.