TANDBERG Acquires Patents from Forgent Networks
29 Noviembre 2004 - 10:05AM
PR Newswire (US)
TANDBERG Acquires Patents from Forgent Networks Purchase Boosts
Visual-Communication Leader's Patent Portfolio for Video-Management
Software NEW YORK, and OSLO, Norway, Nov. 29 /PRNewswire/ --
TANDBERG (OSLO: TAA.OL), a global leader in visual communication,
said it purchased patents related to video management and
scheduling software from Forgent Networks Inc. (NASDAQ:FORG), of
Austin, Texas, for $3,750,000 in cash. The purchase will strengthen
TANDBERG's portfolio of patents for the TANDBERG Management Suite
(TMS), its industry-leading software for management, administration
and scheduling of video communication. "TMS sets the standard for
video management and scheduling software," stated Andrew Miller,
chief executive officer of TANDBERG. "This acquisition further
expands our leadership position in the video management category,
and enhances our already strong portfolio of video endpoint,
network infrastructure and management software intellectual
property." TANDBERG's own centralized TANDBERG Management Suite
(TMS) delivers real-time information and powerful diagnostics,
making it easy for administrators to manage and maintain their
entire video network and schedule video meetings. Among other
things, it manages onsite and remote video systems as well as
scheduled and ad-hoc calls, supports management of network and
video equipment from multiple vendors, manages calls made on
multiple protocols, and supports multiple servers for improved
performance. Forgent's patents also support the planning and
execution of audio, video, or web conferencing, including advanced
scheduling and management through its ALLIANCE software. "The
acquisition will strengthen TANDBERG's patent portfolio with
complementary technology," said Richard Snyder, chairman and CEO of
Forgent. "At the same time, this transaction will allow Forgent to
strategically focus on its core business." As part of the
transaction, Forgent will notify existing ALLIANCE customers of
their options for ongoing support and maintenance and for
transitioning to TMS. For those customers wishing to remain with
the ALLIANCE software suite, Forgent intends to complete its
underlying maintenance agreements with its customers. About
TANDBERG TANDBERG is a leading global provider of video
communication products and services. The company has dual
headquarters in New York and Norway. TANDBERG designs, develops and
markets systems and software for video, voice and data. The company
provides sales, support and value-added services in more than 90
countries worldwide. TANDBERG trades publicly on the Oslo Stock
Exchange under the ticker TAA.OL. Please visit
http://www.tandberg.net/ for more information. TANDBERG is a
registered trademark of TANDBERG in the U.S. and select other
countries. All other trademarks are property of their respective
owners. DATASOURCE: TANDBERG CONTACT: Jean Rosauer of TANDBERG,
+1-703-272-2106, Web site: http://www.tandberg.net/
Copyright
Forgent (NASDAQ:FORG)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024
Forgent (NASDAQ:FORG)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024
Real-Time news about Forgent Networks (MM) (NASDAQ): 0 recent articles
Más de Forgent Networks (MM) Artículos de Noticias