Bogen's Speech Design Subsidiary Acquires European Unified Messaging/Internet Company.RAMSEY, N.J.--(BUSINESS WIRE)--Jan. 5, 1999-- New Digitronic Subsidiary Integrates E-Mail, Fax, and Voice Mail for Corporations and Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. Including AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Bogen Communications International, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BOGN) ("Bogen") today announced that its wholly-owned European subsidiary, Speech Design ("SD") completed the acquisition of privately owned Digitronic suited to both improve communications within anyments such as Microsoft Exchange Messaging and groupware software for Windows from Microsoft. Exchange Server is an Internet-compliant e-mail system that runs under Windows NT/2000 and Windows Server 2003. It can be accessed by Web browsers, the Exchange client, versions of Outlook and the earlier Windows Inbox. (TM) or Lotus Notes Messaging and groupware software from IBM Lotus that was introduced in 1989 for OS/2 and later expanded to Windows, Mac, Unix, NetWare, AS/400 and S/390. Notes provides e-mail, document sharing, workflow, group discussions and calendaring and scheduling. (TM). All messages can be retrieved and manipulated by users locally, using the familiar pc desktop, or remotely, via number", and are forwarded as e-mail with attachments. Because the convenience of Unified Messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. makes it less likely that subscribers will switch ISPs, Thor provides ISPs with reduced customer turnover and additional revenue streams. Several major ISPs in Germany, including America On Line(TM) ("AOL"), are already using Thor to offer such services. In addition, Digitronic is in advanced discussions with ISPs in several other countries interested in implementing the Thor Unified Messaging system. Kasimir ("Archie") Arciszewski, Speech Design's Co-Managing Director, commented: "We are extremely excited about the acquisition of Digitronic. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. market research Unified Messaging will become a multi-billion-dollar market in the next decade, largely replacing today's separate fax-/voice-/e-mail servers. The integration of Digitronic gives Bogen and SD the unique ability to leverage our standing with our customers to become a leader in European Unified Messaging. Moreover, in addition to gaining a market-ready, customer-proven product line, Bogen and SD's R&D and marketing capabilities will be enhanced by Digitronic's management team. We expect to strengthen our position as Europe's leading independent provider of voice mail and related systems by offering Thor packages to our existing distribution partners (major European switch manufacturers and resellers) while at the same time developing sales to Internet Service Providers, large computer system integrators and Fortune 1000 end users." Jonathan Guss, Bogen's Chief Executive Officer went on to say, "Our European acquisition strategy has been focused on organizations that will either help SD stay ahead of the technology curve in our core markets, or pave PAVE Cardiology A clinical trial–Post AV Node Ablation Evaluation the way for our entry into related ones. The acquisition of Digitronic accomplishes both. Voice mail is still an immature market in Europe, with corresponding growth opportunities. By comparison, Unified Messaging is still in its infancy, and we believe the growth opportunities are even greater. We expect that the combination of Digitronic's products and technology, combined with SD's extraordinary distribution strengths, will position Bogen to be a leader in the worldwide trend to unify e-mail, fax, and voice mail." Bogen Communications International, Inc., based in Ramsey, New Jersey Ramsey is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,351. Ramsey was incorporated as a borough by an Act of the New Jersey Legislature on March 10, 1908, from portions of Hohokus Township (now and Munich, Germany, develops, manufactures, and markets telecommunications peripherals and sound processing equipment. Bogen's products are sold to commercial, industrial, professional and institutional customers worldwide. Except for historical information contained herein, the statements made in this release constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward looking statements, including potential acquisd December 31, 1997, Bogen's Form's 10-Q for the fiscal quarters ended March 31, 1998, June 30, 1998 and Sep |
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