Dialogic and Veraz finish merger, combined company named Dialogic, will trade as ‘DLGC’By AP
Friday, October 1, 2010
Dialogic, Veraz finish merger
SAN JOSE, Calif. — Dialogic Corp., a privately held mobile video technology company, and Veraz Networks Inc., a publicly traded telecommunications equipment maker, said Friday that they have finished their merger.
The new company, which is called Dialogic Inc., will trade on the NASDAQ using the symbol “DLGC.” It is based in San Jose.
Nick Jensen, who was Dialogic’s CEO, will lead the new company.
Doug Sabella, Veraz’s president and CEO, is president and chief operating officer of the combined company.
The merger included a five-for-one reverse split of Veraz’s outstanding common stock, which means the company now has 31 million outstanding shares.
The companies had said in May that they planned to merge.
Tags: California, North America, Personnel, San Jose, United States