Compunetix Buying Sonexis

Compunetix Inc., a Monroeville, Penn.-based provider of Web collaboration software and equipment, has agreed to acquire the assets of Sonexis Inc., a Tewksbury, Mass.-based provider of an in-house audio conferencing bridge. No financial terms were disclosed. Sonexis had raised around $75 million in VC funding beginning in 1999, but then did a Series A recap round in 2004 with participation from Tudor Ventures and Velocity Equity Partners.

 

PRESS RELEASE

 

Compunetix, Inc. announced today a definitive agreement under which Sonexis Technology, Inc., a wholly-owned subsidiary of Compunetix, acquires the assets of Sonexis, Inc. of Tewksbury, Massachusetts.

 

Compunetix is the leading provider of carrier-class collaboration products for telecommunication service providers, large corporate enterprises, and government agencies. This agreement will extend its family of product offerings and increase the company's enterprise client base.

 

The ConferenceManager(TM) platform, successfully developed and marketed by Sonexis, complements the larger-scale offerings by Compunetix and will be distributed into worldwide markets.

 

“This arrangement represents an exciting opportunity for both organizations,” commented Dr. Giorgio Coraluppi, Compunetix President and CEO. “The two product lines complement one another and will offer our existing service provider customers a greater ability to penetrate the managed services market.”

 

“We are proud to become a member of this corporate family,” adds Mr. Sam Foster, CEO and President, Sonexis, Inc. “Compunetix solutions, personnel, and customer base expand our ability to deliver compelling products and services into our market segments.”

 

About Sonexis, Inc.

 

Sonexis offers an in-house audio conferencing bridge that has set new standards for ease of use and security. Designed to work within existing voice and data networks, hundreds of leading organizations have deployed Sonexis ConferenceManager with minimal cost, effort, or administration. Sonexis ConferenceManager also offers a fully integrated Web conferencing option. Headquartered in Tewksbury, Massachusetts, Sonexis can be reached at 888-4SONEXIS (888-476-6394) or www.sonexis.com.

 

About Compunetix, Inc.

 

Compunetix is the leading manufacturer of multipoint collaboration equipment and Web collaboration software in the world. With 500,000 ports installed in more than 28 countries, the company has the industry's largest worldwide deployment of digital teleconferencing systems. Dedicated to customer-focused and innovative technology, Compunetix engineers and manufactures all aspects of its conferencing equipment, ensuring its customers that their media processors are the highest quality, most reliable and most flexible solutions available. For more information call Robert Haley at (800) 879-4266 or (412) 373-8110, or visit the Compunetix website at www.compunetix.com.