Veraz Networks Files For IPO
San Jose-based voice-over-IP software provider Veraz Networks has filed for an IPO, the firm said this morning. Veraz said in a regulatory filing that it is looking to raised up to $115M in an IPO on the Nasdaq as VRAZ. The IPO is being underwritten by Credit Suisse Securities, Lehman Brothers, Jeffries & Company, and Raymond James & Associates. Veraz is a provider of VoIP softswitches, media gateways, and other products for the voice-over-IP market. The firm reported in its IPO filing that had a loss of $9.6M on revenues of $19.5M for the six months ended June 30, 2006. Veraz is backed by ECI Telecom, Norwest Venture Partners, Battery Ventures, Argonaut Holdings, Liberty Mutual, and Levensohn Venture Partners.
posted on Monday, October 23, 2006
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