By: Benzinga
December 05, 2012 at 07:32 AM EST
TranSwitch Corporation (NASDAQ: TXCC), today announced the recent completion of two licensing agreements
with major network equipment OEMs for a combined amount of approximately $4 million. The agreements provide for the licensing of proprietary software enabling critical voice-over-IP gateway (VoIP gateway) functionality. The two contracts include software licenses, consulting, and training. Most of the proceeds from the announced IP contracts are expected to be collected in the current
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