Intel Buys Computer Telephony Vendor Picazo

STOCKHOLM (04/11/2000) - Intel Corp. announced yesterday that it has acquired privately-held Picazo Communications Inc. for an undisclosed amount of cash.

The San Jose, California-based computer telephony company has become a wholly-owned Intel subsidiary, operating within the chip vendor's communications products group, Intel said in a statement.

Terms of the deal were not announced.

The acquisition of Picazo provides Intel and its Dialogic subsidiary with engineering talent, sales channel expertise and intellectual property which they hope will help to accelerate customer deployment of communications applications based on CT Media server software, Intel said.

Intel last year acquired Dialogic Corp. in a transaction valued at US$780 million. [See "Intel to Acquire Dialogic for US$780 Million," June 1, 1999.]Picazo currently provides computer telephony products aimed at small and medium-sized businesses. Its current product range includes proprietary hardware and software that combine several functions on the same server platform, according to the statement.

Intel said that it and Dialogic will continue to focus on standards-based computer telephony building blocks rather than complete PBX (private branch exchange) systems or applications, and will not pursue new customers for Picazo's PBX products.

Intel and Dialogic will, however, work with existing Picazo customers and resellers to help with the transition to new suppliers, the statement said.

Intel, in Santa Clara, California, can be reached at +1-408-987-8080, or via the Web at http://www.intel.com/. Picazo, in San Jose, California, is at +1-408-383-9300, or at http://www.picazo.com/.

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