Veraz Networks

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Veraz Networks Inc.
Type Public
Traded as NASDAQVRAZ
Industry Telecommunications, Communication systems
Founded 1986
Headquarters San Jose, CA, USA
Key people Promod Haque (Chairman), Douglas A. Sabella (President and CEO)
Products IP Telephony, Softswitchs, SIP Gateways
Revenue Increase US$ 135.75 million (2007)
Operating income Increase $ 2.94 million (2007)
Profit Increase $ 3.38 million (2007)
Employees 500
Subsidiaries Veraz Networks Ltd.
Website www.veraznetworks.com

Veraz Networks Inc. is a provider of application, control and bandwidth optimization solutions. With Veraz's Multimedia Generation Network[1] architecture, fixed and mobile service providers can create, manage and transport application sessions across TDM and IP networks.[2][3] Veraz is headquartered in San Jose, California and has operations in Latin America, EMEA, APAC, Russia and CIS.[4]

History[edit]

The company was incorporated in October 2001 as NexVerse Networks. On November 1, 2002 Israel's ECI Telecom merge its subsidiary NGTS (which was established in 1986) with NexVerse Networks to form a new company called Veraz Networks.[5] In 2007 Veraz had an IPO on NASDAQ.[6]

In May 2010, it was announced that Veraz was to merge with the Dialogic Corporation, under the Dialogic banner. The merger was completed on October 1, 2010 and the merged company, named Dialogic now trades on NASDAQ under the ticker symbol DLGC.

In June 2010, the United States Securities and Exchange Commission charged Veraz with violating the Foreign Corrupt Practices Act (FCPA).[7]

Products & Solutions[edit]

External links[edit]

References[edit]