Brooktrout to Acquire SnowShore Networks
NEEDHAM, Mass. - Brooktrout Inc. and SnowShore Networks Inc. announced that Brooktrout has agreed to acquire the outstanding capital stock of SnowShore Networks, a Chelmsford, Mass. provider of Voice over IP communications infrastructure products for the media server and media firewall markets. Brooktrout will acquire the outstanding capital stock of SnowShore Networks for approximately $10 million in cash. The transaction is also subject to a number of typical closing conditions and subject to such conditions, is expected to close in early April 2004.