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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Robert Aceto who wrote (9151)	7/7/1999 8:50:00 AM
From: Shadow	Read Replies (1) \| Respond to of 57584

Big news for VRTL this morning Vertel(R) (Nasdaq:VRTL), a leading global provider of multi-management solutions for telecommunications networks, and Lucent Technologies (NYSE:LU) today announced a strategic alliance to create new multivendor network integration software for Lucent's operations support systems (OSS) applications. The strategic agreement includes an initial contract for Vertel to develop network management protocol conversion and mediation software. Based on the companies' projections, the agreement has the potential to grow to $20 million over three years. "Lucent and Vertel's combined expertise strengthens our ability for delivering multivendor, multiprotocol management solutions to our customers," said Deepak Kanwar, director, Lucent Communications Software Group. "Vertel's experience with CORBA, Q3, SNMP, and proprietary management interfaces will enhance Lucent's management and operations software support for today's diverse networks." "This alliance bolsters our strategy for adding value to our network equipment manufacturer customers and our third-party applications suppliers," said Bruce Brown, president and chief executive officer of Vertel. "By providing network protocol conversion and mediation software, Vertel can help Lucent continue to focus its resources on delivering leading operations support systems applications." Vertel's mediation solutions framework is built on Telecore2, the next generation of Vertel's TMNTelecore product, one of the industry's most widely deployed TMN standards-based management platforms. The framework provides standards-based and proprietary interfaces to multi-vendor OSSs and network equipment, integrates a carrier-grade CORBA distribution platform, and is designed to maximize reusability and expedite deployment. The framework also leverages key Vertel technologies, such as the OpenStore persistence storage module and world-class simulation tools. Lucent Technologies' portfolio of Service Ready(TM) Network Fault Management (NFM) software offers comprehensive surveillance and control capabilities at the network and element management layers -- a fast and effective means to help detect, diagnose, isolate and resolve multivendor network problems. The NFM system is modular and scalable, and designed to support existing and emerging industry standards such as TMN. Lucent anticipates deploying the first set of solutions developed with Vertel by the end of 1999. About Vertel Corporation Vertel is a leading global provider of telecom network management software and solutions that support multiple management technologies. These solutions provide public and IP network operations support systems (OSS) infrastructures the key components required for end-to-end network and service management with carrier-grade quality of service. Vertel delivers telecom management solutions worldwide to service providers, network operators, telecom equipment manufacturers, independent software vendors and systems integrators. Vertel also delivers turnkey management applications that fit individual customer requirements through their Professional Services Organization. The Company is based in Woodland Hills, Calif. and has sales offices throughout the world. Contact Vertel on the World Wide Web at vertel.com. About Lucent Technologies Lucent Technologies, headquartered in Murray Hill, N.J., designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronics components. Bell Laboratories is the research and development arm for the company. For more information on Lucent Technologies, visit the company's web site at lucent.com or the Bell Labs web site at bell-labs.com. "Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: Except for the historical information presented, the matters discussed in this news release are forward looking statements that involve risks and uncertainties, including timely and successful development of products and technologies; successful introduction and customer acceptance of new and enhanced products and technologies in existing and new markets; the possible development and introduction of competitive products and new and alternative technologies; pricing, currency and exchange risks; governmental and regulatory developments affecting Vertel and its customers; the ability to identify, conclude, and integrate acquisitions on a timely basis; the ability to retain and attract key personnel; and other risks detailed from time to time in public disclosure filings with the U.S. Securities and Exchange Commission (SEC) by Vertel, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 1998 and the Quarterly Report on Form 10-Q for the quarter ended March 31, 1999. Note to Editors: Vertel is a registered trademark of Vertel. All other trademarks are the property of their respective owners. --30--jh/sf* CONTACT: Vertel Corp. Sandy Christopher, 818/227-5735 sandy-christopher@vertel.com or Ketchum (for Vertel) Greg Winter, 310/444-1363 greg.winter@ketchum.com or Lucent Technologies Rich Teplitsky, 908/582-5700 rteplitsky@lucent.com KEYWORD: CALIFORNIA NEW JERSEY INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS INTERACTIVE/MULTIMEDIA/INTERNET PRODUCT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com **