Sunday, September 30, 2007

AT&T to Acquire Interwise for IP Conferencing

AT&T agreed to acquire privately held Interwise, a provider of voice, Web and video conferencing services to businesses, for $121 million in cash. AT&T plans to align Interwise's IP-based conferencing and collaboration solution with its enterprise networking, communications and collaboration services, global MPLS-based IP network and its industry-leading conferencing portfolio of services.

AT&T said it expect to retain Interwise's management team and its domestic and international operations, including its R&D center in Israel. Interwise is headquartered in Cambridge, Mass., and employs approximately 150 people. It operates in the United States, Europe and Asia with offices in six countries.

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