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NewsCisco Systems, Inc Acquires Audium Corp06.30.06 Audium is a leading provider of VoiceXML speech self-service application development and management environments. The acquisition will enable enterprises to easily build automated voice response applications that are integrated with not only their converged IP network, but also work well within their Service Oriented Architecture (SOA), enabling the use of common services across the network. Leveraging the intelligence of the network, Audium's technology further strengthens Cisco's SONA and provides a platform for enterprises to integrate their business process workflow with their speech self-service applications. Audium was founded in 1999 and has 26 employees based in New York, New York. Cisco paid approximately $19.8 million in cash for Audium. Audium's products will be integrated into the Cisco Voice Technology Group, reporting into Don Proctor. Redwood Capital acted as the exclusive financial advisor to Audium Corp in connection with this transaction. New York, NY, June 30, 2006 - Cisco Systems, Inc., (NASDAQ: CSCO) today announced that it has completed the acquisition of privately-held Audium Corp of New York. Audium offers an easy-to-use, drag-and -drop application creation/integration environment which will strengthen Cisco's Service Oriented Network Architecture (SONA). With this acquisition, Cisco will help enable its ecosystem of development paretners to easily create and deploy value-added business applications. Audium is a leading provieder of VoiceXML speech self-service application development and management environments. The acquisition will enable enterprises to easily build automated voice response applications that are integrated with not only their converged IP network, but also work well within their Service Oriented Architecture (SOA), enabling the use of common services across the network. Leveraging the intelligence of the network, Audium's technology further strengthen's Cisco's SONA and provides a platform for enterprises to integrate their business process workflow with their speech self-service applications. Audium was founded in 1999 and has 26 employees based in New York, New york. Cisco paid approximately $19.8 million in cash for Audium. Audium's products will be integrated into the Cisco Voice Technology Group, reporting into Don Proctor. Redwood Capital acted as the exclusive financial advisor to Audium Corp in connection with this transaciton. |
Redwood’s CEO Op-Ed: 2010 – The Year of the Entrepreneur
What can we look forward to after the worst U.S. economic and financial crisis in decades, possibly since the Great Depression? As crazy as it sounds at first, I believe 2010 will be the year of the entrepreneur.
Which Way M&A? Consolidation, Low-Cost Acquisitions May Lie Ahead...
What happens to the fragile digital music space in 2010? The tail end of 2009 witnessed some distressed buyouts, and a number of companies are currently rattling the exit door. According to a recent projection by Redwood Capital Group, a number of low-earning startups could be interesting to larger, more traditional media companies, mostly because of their audiences.
To navigate Greenwich's budget gap, look to proven solutions - By Gregory Bedrosian
In a scene that's being repeated in city halls and state houses across the country, the leadership of Greenwich is doing the hard work of re-crafting the town budget in the face of an extraordinary projected budget shortfall of $31 million. We are part of a great national debate on how to navigate a historic financial and economic crisis. |
