About the transaction
KA Teletech Corporation is the leading developer of scheduling, reservation, accounting and network management software for global videoconferencing systems and networks. PictureTel Corporation develops, manufactures and markets a full range of visual telecommunications solutions that are "Redefining the Way the World Meets(TM)." PictureTel Corporation enables worldwide video communications through an easy-to-use, dial-up family of standards based videoconferencing systems.
The purchase includes rights to KA Teletech Corporation's premier product, the Teleconferencing Software System (TCSS), a videoconferencing scheduling, reservation and account management solution in use today by major organizations worldwide.