Voice Technologies Group and AudioCodes Join Forces to Produce External IP Solution.Business and Technology Editors BUFFALO, N.Y.--(BUSINESS WIRE)--March 8, 2000 Voice Technologies Group, Inc., (VTG VTG Variable Turbine Geometry (turbochargers) Vtg Vitellogenin VTG Vicksburg Theatre Guild (Vicksburg, MS) VTG Voice Technologies Group, Inc. (tm)) Buffalo, NY, USA, a leading provider of digital PBX (digital Private Branch Exchange) A modern PBX that uses digital methods for switching in contrast to older PBXs that use analog methods. integration technology, and AudioCodes Ltd., (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 : AUDC AUDC Austin Development Center AUDC Audio Converter AUDC Audio Codec ) Yehud, Israel, a leading provider of voice-over-packet technologies, have signed a co-development agreement to produce and distribute a product to be called the iPOD(tm) that combines both companies' best-of-breed technologies. The new iPOD, which stands for internet Phone-Over-Data, is an external solution that enables smooth transition of enterprise voice networks to IP-based solutions. The iPOD is being marketed to OEMs who need a standards-based internet solution to digital PBX connectivity. The resulting product will enable the convergence of proprietary digital PBX voice and data - across IP networks - into a single, integrated enterprise network, economically, reliably and easily. The iPOD "virtualizes" the communications backbone of the company across town or around the globe via the internet, seamlessly bridging legacy hardware with the latest technology, and simultaneously protecting a company's investment and accelerating cost-effective growth. Product availability is scheduled for second quarter of 2000 on an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and basis. The iPOD will be an external gateway that shapes proprietary digital station set information into a standard protocol suitable for transmission over IP. Offering digital telephone emulation capabilities, it connects the call control and media from the leading proprietary PBX's to an IP network giving the applications running on a networked server access to digital PBX features and functionality. The iPOD is compatible with Nortel Networks(tm) Meridian 1(tm) and Meridian SL-1; Lucent(tm) Definity(R) G3; MITEL MITEL Mike and Terry's Lawnmowers (R) SX-200(R) and SX-2000(R); and Siemens Rolm 8000, 9000, and 9751 PBXs, with more to be added throughout the year. Planned releases include telephone-driving capabilities scheduled for first quarter of 2001. It provides 8 ports of feature set emulation or driving, with higher port counts available in multiple iPOD configurations. In developing the iPOD, VTG and AudioCodes have blended their best-of-breed technologies for a superior product and market initiative. The product will offer OEMs and their customers a more graceful, cost-effective way to manage their network migration to IP technology without costly forklift upgrades. Applications currently supported include, but are not limited to, messaging, call centers, telecommuting telecommuting, an arrangement by which people work at home using a computer and telephone, transmitting work material to a business office by means of a modem and telephone lines; it is also known as telework. and wireless. The iPOD targets an installed base of tens of millions of digital PBX lines, with more than 7 million such lines shipping annually in a market that is estimated to grow to $8 billion by 2002. "This exciting and unique partnership represents a major step forward for VTG in its ability to offer OEMs a true IP solution that extends the life expectancy Life Expectancy 1. The age until which a person is expected to live. 2. The remaining number of years an individual is expected to live, based on IRS issued life expectancy tables. of legacy telecom equipment and allows customers to control the pace of their IP migration," notes Les Meszaros, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Voice Technologies Group. "The iPOD represents one of the first applications based on our AudioCoded(tm) Media Gateway technology that enables a smooth transition of enterprise voice networks to voice over packet for our OEM partners. Because enterprise customers can not be expected to forklift their investment in digital PBXs, a gradual transition strategy is of the essence," notes Shabtai Adlersberg, AudioCodes CEO. "This new application of remote voice access and extended PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). functionality over IP-based wide area networks represents a new market opportunity for AudioCodes," he added. |
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