SANTA CLARA, Calif. -- 8x8 Inc. here today announced that it has changed its name to Netergy Networks Inc., as it continues its strategic transition to a wholly IP-telephony-focused chip supplier.
"Today we are introducing a company that will play a key role in the convergence of voice and data networks," said Paul Voois, Netergy Networks' chairman and CEO. "The telecommunications industry is undergoing a fundamental transition from circuit-switched to Internet Protocol IP based networks. We have made a series of decisive strategic decisions in the past 18 months to capitalize on this transition."
Last year, the Santa Clara company phased out its consumer videophone business to concentrate on IP broadband processors (see April 7, 1999 story). The company also received a $27 million investment from STMicroelectronics of St. Genis Pioully, France processors (see Jan. 24 story).
In 1998, the company introduced a new Internet telephony processor called Audacity and today introduced the Netergy Advanced Telephony System (ATS), which it said is the first all-IP solution for hosting iPBX services.
Netergy Networks plans to offer a vertically integrated line of products -- chips and embedded software, terminal adapter and iPBX hosting solutions -- that delivers VoIP to the edge of the network.
"To bring voice-over-IP to the edge of the network, inexpensive IP telephones and terminal adapters which offer plug-and-play functionality are essential," noted Keith Barraclough, Netergy Networks' president and chief operating officer. "Because they were designed from the ground up for low-cost applications, our chips and embedded software make it possible to meet this requirement. Due to our extensive protocol expertise, we are able to support all of the important communication protocols and vocoders, even translating between protocols or instantiating different protocols in the same device."
Voois said the new name is derived from the words "network" and "synergy." Although the change requires shareholder approval, the company has already changed the address of its website to www.netergynet.com.