Israel Science Technology

Enterprise Hi-Fi telephony system developer RADLIVE has raised $7.65 million in a financial round jointly led by Elron and Gemini Israel. Elron, that invested approximately $3.75 million in this round, holds approximately 29% of RADLIVE's outstanding shares.

RADLIVE is engaged in the development of high definition telephony technologies and applications. With the increasing availability of wider bandwidth for telephony applications, RADLIVE is developing infrastructure and applications for High Definition Telephony, providing high quality voice for telephony calls between subscribers – in contrast to VoIP solutions like Skype and Jajah and mobile telephony.

"RADLIVE, with its highly talented technological team has the ability to provide innovative solutions to a broad spectrum of voice technology applications, with the potential to become a major player in high definition voice technology," said Yair Cohen, Vice President of Elron.

RADLive was founded in November 2005 by Menachem Cohen and Zohar & Yehuda Zisapel, the founders of RAD Data Communications. Cohen, RADLive current CEO, was previously served as CEO of Mercado Software and executive VP at Taldor Group.

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Fabless semiconductor company DSP Group will buy the cordless and VoIP terminals business of NXP Semiconductors for $270 million, consisting of $200 million in cash and $70 million in DSP Group's common stock.

DSO will combine NXP's cordless and VoIP chip business within DSP Group to create a market leader in the cordless and VoIP residential telephony market. The transaction can reach a total value of $345 million, as DSP Group has also agreed to a contingent cash payment of up to $75 million payable based on future revenue performance. It will provide NXP with a shareholding of approximately 12% in DSP Group.

NXP is a semiconductor company founded by Philips more than 50 years ago. Headquartered in Europe, the company has 37,000 employees working in more than 20 countries and posted sales of EUR 5 billion in 2006. NXP's Cordless & VoIP terminals business generated approximately $220 million revenue in 2006 and comprises some 200 staff based at locations around the world, most of whom will transfer to the DSP Group.

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