Clarent Corporation Receives Intel Investment
December 9, 1998
REDWOOD CITY, Calif.--(BUSINESS WIRE)Clarent(TM)
Corporation today announced that Intel
Corporation has made an investment in
Clarent, a leading provider of
standards-based IP telephony solutions.
Financial details were not disclosed.
Clarent Corporation manufactures Internet
Telephony technology geared toward the
carrier market segment, including
telecommunications companies and internet
service providers. These carriers implement
Clarent technology in their networks and
offer IP-based consumer, enterprise, and
wholesale long distance voice, fax and data
services.
Intel makes small minority investments in
companies that have technologies capable of
accelerating growth in the computing market
segment and creating new demand for high
performance Intel processors.
Clarent and Intel will also work together to
bring Clarent's IP telephony technology and
expertise out to the edge of the network in
applications such as broadband, set top box
and other related technologies. In addition,
Clarent plans to support Intel's forthcoming
Merced(TM) processor.
"We are very pleased to receive this
investment and be working with Intel, " said
Jerry Chang, CEO, president and co-founder
of Clarent Corporation. "Today's investment
will help accelerate the delivery of high
quality IP telephony edge devices to
businesses and households."
"Customers require highly scalable, robust,
high performance solutions to accelerate the
use of IP telephony solutions," said Scott
Richardson, Director of Server Software
Marketing of Intel. "The investment in Clarent
supports Intel's direction to bring Intel(R)
Architecture-based IP Telephony to carriers,
service providers, and operators worldwide."
About Clarent Corporation
Clarent Corporation is a privately held
company and a premier provider of Internet
telephony solutions offering clear voice,
real-time fax, SS7/C7 integration, universal
voice/fax/data ports and a host of other
business-ready capabilities. Clarent Command
Center provides billing and management for a
very large network of Clarent Gateways.
All Clarent products are backed by a
complete, robust, scalable network
infrastructure, enabling network and
enterprise customers to easily run their
business communications on IP telephony.
Founded in July 1996, Clarent is
headquartered in Redwood City, California,
and also has offices in Chicago, Taipei,
Tokyo, Seoul and Europe.
Additional information about Clarent is
available at clarent.com.
Note to Editors: Clarent is a registered
trademark of Clarent Corporation in the
United States and other jurisdictions. All
other company or product names mentioned
may be trademarks or registered trademarks
of the respective companies with which they
are associated.
Intel is a registered trademark of Intel
Corporation.
CONTACT: Clarent Corporation | Richard
Heaps, 650/481-1770 (COO) | Internet:
rich@clarent.com | Amy Wright,
650/481-1743 (Corp. Communications) |
Internet: amy@clarent.com | or | Intel
Corporation | Bill Calder, 503/264-5669 |
Internet: bill.calder@intel.com
[Copyright 1998, Business Wire] |
