To: Joey Smith who wrote (101273 ) 3/22/2000 10:01:00 AM From: Proud_Infidel Respond to of 186894
Intel invests in Swedish communications software company Envox Semiconductor Business News (03/22/00, 09:12:19 AM EDT) SANTA CLARA, Calif. -- Intel Corp.'s Communications Fund has made an investment inEnvox Group A.B., a Swedish software company, the chip maker said here today. Intel did not disclose the amount of the investment, but said its communications fund typically invests less than $10 million in a company. Envox provides rapid development software platforms for large enterprise applications that integrate telephony and the Internet. In particular, said Intel, Envox's communications server software enables organizations to build a range of communications applications, such as unified messaging, e-commerce and Web automation on a single Microsoft Windows NT or Win2000 platform. The Intel Communications Fund made the investment as part of a strategy to make the CT Media platform the centerpiece for enabling converged voice and Internet data solutions. CT Media server software from Dialogic Corp., Intel's wholly owned subsidiary, is an open software platform used for designing standards-based telecommunication servers that support Web-enabled contact centers, unified messaging, call distribution, and other key applications. The investment will enable Envox to expand its development resources to work on new product functionality, Intel said. Envox is an early adopter of CT Media version 1.2 and has agreed to work with Intel as a beta tester on CT Media 2.0. "The Intel Communications Fund made the investment to encourage the development of Web-enabled computer telephony applications," said Howard Bubb, vice president of Intel's Communications Products Group and president of Dialogic. "With CT Media, businesses can enjoy a computer telephony system as open and flexible as a database server or desktop PC, running interoperable, best-of-breed computer telephony solutions from any vendor." Henrik Thome, president of Envox, added, "Customers are increasingly demanding the ability to handle all their communications -- Web, telephony, datacom and e-commerce -- as one entity, with one strategy and from one platform. To date, this has been impossible because of a lack of industry standards. CT Media can change this by helping to create a new broad communications market segment with infinite business opportunities."