Brooktrout
Shareholders Approve Acquisition by EAS
Group
NEEDHAM,
Mass., Oct. 20 /PRNewswire-FirstCall/ -- Brooktrout, Inc. (Nasdaq:
BRKT), a leading provider of innovative hardware and software
platforms that enable applications for the New Network(TM),
announced today that Brooktrout shareholders have voted to adopt
the merger agreement under which EAS Group, Inc., the privately
held parent of Excel Switching Corporation, will acquire Brooktrout.
At a Special Meeting held today, holders of approximately 74%
of Brooktrout's common stock approved the merger agreement.
Brooktrout and EAS Group entered into a definitive agreement
on August 18, 2005, under which EAS Group agreed to pay $13.05
in cash for each outstanding share of Brooktrout common stock.
The parties expect to complete the transaction on October 24,
2005.
About
Brooktrout
Brooktrout,
Inc., headquartered in Needham, Massachusetts, delivers communications
hardware and software products that enable applications for
the New Network(TM) -- a Network born through the marriage of
the telephone and data networks. Brooktrout's mission is to
collaborate with its partners so they can bring innovative solutions
to market quickly, increase business and expand into new markets.
Brooktrout believes that a solid focus on customers, significant
first-to-market products and key acquisitions are making it
a partner of choice for today's hottest communications service
and enterprise application providers. Brooktrout's common stock
is traded publicly on the NASDAQ National Market under the symbol
BRKT. For more information, visit http://www.brooktrout.com/investor.
About
Excel Switching Corporation
Founded
in 1988, Excel Switching Corporation is a leading provider of
carrier class media gateways, media servers, signaling gateways,
and enhanced service platforms for original equipment manufacturers,
value-added resellers, and service providers. As a profitable
company with more than 8,500 systems deployed in more than 80
countries, Excel addresses carrier needs for profitable applications
by delivering a family of platforms that bridge fixed, mobile,
and IP networks, thereby lowering costs, improving call quality,
and simplifying network operations. By working closely with
its partners, Excel supplies service providers with highly reliable,
localized solutions designed to meet their immediate and future
needs. For more information, visit http://www.excelswitching.com.
Back
to News Page