AudioCodes announced today that is would be purchase CTI2 for approximately 15M USD -- turning the developer of messaging and calling services into a wholly owned subsidiary. AudioCodes had acquired a 10% stake in the Israeli value-added service provider last year.
This marks the second major acquisition of a value-added services developer by a media server vendor in as many months. The first being the purchase of Glenayre Messaging by IP Unity.
Here's the press release via Sys-Con Media:
http://www.sys-con.com/read/330981.htm
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