Thursday, May 18, 2006
AudioCodes Buys Nuera Communications For $85M
San Diego-based Nuera Communications has been acquired for $85M in cash, according to AudioCodes, an Israeli Voice-over-IP firm. Nuera was developing Voice over IP gateways, soft switches, and management systems, and was backed by Comcast Interactive Capital, Cox Communications, Sandler Capital Management, Argo Global Capital, HarbourVest Partners, Bay Partners, Gleacher & Co., Goldman Sachs, Deutsche Bank Capital Partners, SAIC Venture Capital, and J.F. Shea. AudioCodes said that the move would give it a stronger position in North America and Asia. Nuera will become a wholly owned subsidiary of AudioCodes.