View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
June 3, 1997updated 05 Sep 2016 12:46pm

NETSPEAK SIGNS WITH ACT NETWORKS TO PROMOTE NET TELEPHONY

By CBR Staff Writer

NetSpeak Corp, purveyor of the WebPhone internet phone system, has signed a strategic alliance with ACT Networks Inc to jointly develop Internet Protocol telephony applications and products. As part of the deal, ACT snapped up $2m worth of NetSpeak’s initial public offering, which gives ACT about 2.3% of the outstanding NetSpeak shares. Specifically, ACT will incorporate Net ‘Speak products such as voice compression, routing, system-level management, codec level management, dynamic buffering, and so on, with ACT’s own voice compression and call control systems to run on ACT platforms. And by the year-end, the two companies hope to deliver gateway servers that bridge frame relay, asynchronous transfer mode and IP networks with the internet and the public switched telephone network. Separately, at this week’s Spring Comdex show in Atlanta, Boca Raton, Florida-based NetSpeak will be launching the core technology that’s at the heart of its WebPhone system for telcos, other service providers and large corporations to build their own robust multimedia networks over IP. It will be especially attractive to telcos, says the company, because it will contain multiple levels of embedded redundancy to help them offer service level guarantees. NetSpeak got its initial public offering of 2.4 million shares, all new, of common stock away Thursday at $8.75 per share. The shares closed the day on Wednesday at $9.125 on trading volume of 725,700. The company has granted the under writers options to purchase an aggregate of up to 360,000 additional shares to cover over- allotments, if any.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU