Veraz Sets IPO Terms

Veraz Networks Inc., a San Jose, Calif.-based provider of VoIP products to wireline and wireless service providers, has set its proposed IPO terms to nine million common shares being offered at between $10 and $12 per share. . It plans to trade on the Nasdaq under ticker symbol VRAZ, with Lehman Brothers and Credit Suisse serving as co-lead underwriters. Shareholders include ECI Telecom, Norwest Venture Partners, Battery Ventures, Argonaut Private Equity, Liberty Mutual and Levensohn Venture Partners.