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Microsoft
and Dialogic Announce Licensing, Development And Investment Agreements
Companies Work Together to Extend Windows as a Platform for
Communications LOS ANGELES - March 2, 1999 - Microsoft Corp. and
Dialogic Corp. today announced at the Computer Telephony Expo (CT Expo) Spring
'99 that they have entered into an agreement that will extend the Microsoft®
Windows® operating system to enable developers to build open,
cost-effective computer telephony and converged communications solutions.
Microsoft will license Dialogic's CT Media™ server software, and Dialogic will
provide development services to Microsoft in exchange for $20 million. In
addition, Microsoft has made an equity investment in Dialogic in the amount of
$24.2 million. The vigorous growth of the computer telephony industry has
been driven by the increased use of open systems and the ongoing convergence of
voice and data networking. Still, the process of integrating computing systems,
telephone systems and data networks is often difficult and time-consuming,
requiring diverse skills and tools. The agreement between Microsoft and Dialogic
will accelerate the use of open platforms and standards, such as Windows
telephony applications programming interface (TAPI), extending the benefits of
computer telephony and network convergence to organizations of all sizes. "Microsoft is committed to innovation and to creating new
opportunities and customer benefits in telephony and converged communications
based on the Windows platform and open standards," said Jim Allchin, senior
vice president, personal and business systems group, Microsoft. "Building
on our mutual strengths, our new relationship with Dialogic will expand Windows
communications services and create business opportunities for the entire
industry." "Dramatically increased customer value from leveraging
computer telephony servers built on open systems and standards represents both
the promise and vision of this relationship," said Howard Bubb, president
and CEO of Dialogic. "Microsoft's strong reaffirmation of this vision today
will catalyze the industry to move forward more rapidly and more coherently,
providing a new generation of innovative and empowering communications-driven
applications and services to business." Licensing, Support and Equity Investment Under terms of the agreement, Microsoft becomes a nonexclusive
licensee of Dialogic's CT Media for the Windows NT® operating
system, a communications resource management software platform. Microsoft will
retain Dialogic to provide development services and support to extend the
Windows platform for telephony and communications services. Microsoft payments
to Dialogic over approximately the next four years are expected to total $20
million for the CT Media license and related development services and support. In addition, Microsoft has made a $24.2 million equity
investment in Dialogic by purchasing from the company approximately 860,000
shares of common stock. This represents Microsoft will announce at a later date more detailed
product plans resulting from this joint work with Dialogic. For more information
about Windows communications, visit http://www.microsoft.com/communications/.
For information from Dialogic about the CT Media and CT Server, visit http://www.ctserver.com/.
For more information at CT Expo, please visit Booth 1655 (Microsoft) and Booth
857 (Dialogic). About Dialogic Dialogic (Nasdaq "DLGC"), the global leader in open
computer telephony, provides the critical building blocks and technical services
that enable partners to develop solutions for the converging voice and data
networks. Dialogic products are used in voice, fax, data call center management
and Internet Protocol (IP) telephony applications in both customer premise
equipment (CPE) and public network environments. The company is headquartered in
Parsippany, N.J., with regional headquarters in Tokyo, Singapore, Brussels and
Buenos Aires, and sales offices worldwide. For more information, visit the
Dialogic Web site at http://www.dialogic.com/. About Microsoft Founded in 1975, Microsoft (Nasdaq "MSFT") is the
worldwide leader in software for personal computers. The company offers a wide
range of products and services for business and personal use, each designed with
the mission of making it easier and more enjoyable for people to take advantage
of the full power of personal computing every day. Microsoft, Windows and Windows NT are either registered
trademarks or trademarks of Microsoft Corp. in the United States and/or other
countries. Dialogic and the Dialogic logo are registered trademarks and
CT Media is a trademark of Dialogic Corp. Other product and company names herein may be trademarks of
their respective owners. Statements expressing the beliefs and expectations of
management regarding future performance and events are forward-looking
statements under the Private Securities Litigation Reform Act of 1995 and
involve risks and uncertainties. These risks are detailed from time to time in
the company's filings with the Securities and Exchange Commission, including the
company's form 10-K for the year ended Dec. 31, 1997, and its Form 10-Qs filed
since Dec. 31, 1997. Actual results may differ those express or implied in the
forward-looking statements. Copyright (C)
1998-1999 The Active Network. All rights reserved.
5 percent of Dialogic's outstanding common stock. Dialogic also has issued to
Microsoft four-year warrants to purchase approximately 280,000 additional shares
of Dialogic common stock at $35.19 per share. Microsoft has agreed to refrain
from selling any shares for a period of one year and 50 percent of the shares
for two years.
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