To: Stephen B. Temple who wrote (2070 ) 12/9/1998 8:21:00 AM From: Stephen B. Temple Read Replies (1) | Respond to of 3178
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]