PSI:
Porta Systems Corporation and BMS Corporation Sign Alliance Agreement
Business/Technology Editors
SYOSSET, NY--(BUSINESS WIRE)--Feb. 2, 2001--Porta Systems Corp.
(Porta) (AMEX:PSI) today announced that its Operations Support Systems
(OSS) Division and Business Management Systems Corporation (BMS),
leading suppliers of integrated OSS solutions for the
telecommunications industry, announced a strategic alliance whereby
they will cooperate in the areas of technology sharing, product
integration and joint marketing.
Under the agreement, Porta Systems will have access to provide
BMS' next generation integrated OSS suite for fault repair,
provisioning, assignment, network inventory, SLA management, workflow,
and work force management for the telecommunications industry
worldwide. The combined efforts of the companies will enable
communications service providers to improve their operations
capabilities by facilitating automated order management from initial
customer contact through the service provisioning and fault management
processes.
"This alliance will provide a scalable solution with an end-to-end
view of the network, suitable for carriers on a global basis," said
John Gazzo, Senior Vice President of Business Development at Porta
Systems. "To compete effectively in today's market, service providers
must be able to manage and grow their customer base while reducing
operations costs and achieving high customer satisfaction levels. One
of the keys to enabling this customer experience is a comprehensive
OSS solution with minimal integration requirements. Our experience in
developing and delivering world class solutions for the Copper loop
environment, combined with the BMS expertise in the transport network
and their proven integrated suite will provide carriers with a
comprehensive solution to achieve their goals in today's competitive
market. In addition, access to each other's customer base will open
complementary distribution channels and enhance each company's global
reach."
According to Gregory Howe, President and CEO of BMS, "This is a
commitment on the part of BMS to provide next generation technology to
Porta Systems and their customers, and this agreement allows Porta to
focus on their core business and to utilize their expertise in sales
and distribution to deliver the next generation OSS."
"The agreements in place are designed to facilitate access for the
companies to each other's customer base, to open complementary
distribution channels, and to enhance our global presence," said Howe.
"BMS is an active industry contributor in the movement to provide
greater flexibility and automation of the service assurance and
service activation components of operations. Our integrated approach
provides superior operational performance and cost efficiency, and
delivers workflow-managed process automation in support of traditional
and next-generation voice, data and VoIP networks."
The companies expect continued cooperation to focus on their
strengths and deliver superior solutions to the industry. Porta's
international presence in sales and distribution is complimented by
BMS' next generation product solutions and technical assets.
BMS Corporation is a privately held company specializing in
packaged integrated next generation OSS applications. The BMS product
suite, TCS, addresses market needs for pre-integrated Provisioning,
Fault Repair, Work Force Management, and Fraud Detection in
circuit-switched, packet-switched, wire-line, and wireless
environments. BMS Corporation was selected to the Inc. 500 list of
fastest growing privately held companies in the United States in 1999
and again in 2000.
Porta Systems Corp. is a leading provider of products and systems
for the connection, protection, testing, and management of data
communications, telecommunications and Internet access networks. The
OSS Division delivers Copper Testing and ADSL Qualification systems,
Trouble Management, and other OSSs to its global customers. Its
products presently Ensure Communications(TM) for approximately 150
million lines in more than 35 countries worldwide.
Except for historical information contained herein, statements
contained in this release constitute forward-looking statements made
pursuant to the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such forward looking statements involve
material risks and uncertainties, including, without limitation,
statements as to management's beliefs, strategies, plans, projections,
expectations or opinions related to the Company's future performance
which are based on a number of assumptions that may ultimately prove
to be inaccurate. Further, at this time, the Company is not sure of
the timing of the receipt of the above mentioned new OSS business or
the amount of sales that would be derived from such new OSS business.
--30--kam/ny*
CONTACT: Porta Systems Corp.
Senior Vice President, Operations & CFO
Edward B. Kornfeld, 516/364-9300
or
BMS Corporation
Vice President Marketing and Communications
William Heiss, 303/322-2778
or
PSI INVESTOR RELATIONS COUNSEL
The Equity Group Inc.
www.theequitygroup.com
Loren Mortman, 212/836-9604, lmortman@equityny.com
Linda Latman, 212/836-9609
KEYWORD: NEW YORK
INDUSTRY KEYWORD: HARDWARE NETWORKING SOFTWARE
TELECOMMUNICATIONS MARKETING AGREEMENTS
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Feb-02-2001 18:57 GMT
Symbols:
US;PSI
Source BW Business Wire
Categories:
MST/R/US/NY MST/I/CPM MST/I/CMT MST/I/SOF MST/I/TEL MST/S/PDT |
