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Novacap closes deal for Dialogic
Private equity fund Novacap said Monday that it has finalized its acquisition of Dialogic Inc.
Novacap did not disclose the total value of the transaction but said it paid US$0.15 per share for more than 90 per cent of the stock of the company, based in Parsippany, N.J.
Dialogic makes boxes for large telecommunications service providers that bridge older technologies and newer ones, allowing them to communicate to each other.
Pascal Tremblay, president and managing partner of Novacap TMT -- for Novacap Technology, Media and Telecommunications -- said that the boxes are especially used for video conferencing.
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