Nortel Networks will invest in Global IP Sound (GIPS), a Swedish start-up offering embedded voice processing technologies. The warrant issue represents five percent of the fully diluted value of Global IP Sound and is exercisable after five years.
The investment build upon the expanded licensing agreement announced by the companies in June, affirming GIPS’ role as a strategic supplier of voice processing software for Nortel Networks IP-centric communications systems. Nortel has licensed the GIPS VoiceEngine and SoundWare suite of embedded voice processing software for use in multiple products, including Nortel Networks PC- and web-based SIP soft phone clients, Nortel Networks i2004 IP phone, and Nortel Networks Multimedia Communication Server (MCS) 5100 and 5200 platforms.
GIPS SoundWare provides better than PSTN voice quality and fidelity in end-to-end IP communications with robustness against packet loss. http://www.globalipsound.comGlobal IP Sound, which is based in Stockholm, also supplies its voice quality software to Skype, Ericsson and others.
