Texas Instruments Acquires Ditech's Telinnovation Echo-Cancellation Software Unit

4/16/2002 - Ditech Communications Corporation (Nasdaq: DITC) and Texas Instruments Incorporated (TI) (NYSE:TXN) today announced that TI has acquired Ditech's Telinnovation echo-cancellation software unit for a purchase price of $26.8 million. As a result of the acquisition, TI will provide customers with complete hardware and software carrier-class platforms that combine its voice-optimized digital signal processors (DSPs) and Telogy Software products with the industry's most widely used echo-cancellation technology. As part of the agreement, Ditech secures a license to implement the Telinnovation software on its echo cancellation systems, including enhancements made by TI to the echo cancellation algorithms. The agreement also calls for joint marketing and sales efforts.

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