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Nortel acquires DiamondWare Add to ...

Nortel Networks Corp. acquired DiamondWare, whose technology has been deployed in gaming environments and in U.S. military tactical intercom systems, in a deal worth up to $10-million (U.S.).

Nortel described DiamondWare as a pioneer in 3-D positional voice technology.

Nortel said it will use DiamondWare's technology to enhance its multimedia, voice conferencing and voice-over-Internet solutions for communications carriers and large organizations.

In addition, Nortel itself will use the technology for a variety of new advanced research projects.

One of these projects, which Nortel calls web.alive, "allows users to collaborate, socialize and conduct business in a virtual environment with life-like visual and audio features, within the security of their own corporate networks."

Nortel has paid $7-million in cash to acquire DiamondWare's stock and retain key employees and will pay up to an additional $3-million to DiamondWare security holders based on achievement of certain milestones over the next 40 months.

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