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IP softswitches provider Veraz Networks announces terms

March 19, 2007

Veraz Networks, a provider of IP softswitches for wireless and broadband service providers, announced the terms of its IPO Friday. The company plans to offer 9 million shares, including 2.25 million from selling shareholders, in a price range of $10 to $12. Credit Suisse and Lehman Brothers are joint bookrunners on the deal.