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Technology Stocks : Vertel (VRTL) 10xbagger in the making -- Ignore unavailable to you. Want to Upgrade?

To: mrvn t. martian who wrote (233)	11/17/1999 1:54:00 PM
From: AreWeThereYet	Read Replies (1) \| Respond to of 465

Vertel and IBM Team to Offer Advanced Network Management Solutions for the AIX Platform WOODLAND HILLS, Calif.--(BUSINESS WIRE)--Nov. 17, 1999-- Vertel's Industry Leading TMN Development Environment to be Offered as Part of IBM's OSSC Development Suite Vertel(R) (Nasdaq:VRTL), a leading global provider of management solutions for telecommunications networks, today announced a joint agreement with the Global Services - Federal Solutions department of International Business Machines (NYSE:IBM) to develop and market a new suite of development tools under the company's Open System Standard Communication (OSSC) product line. Under the new agreement, IBM will incorporate the full line of Vertel's TMN development products into its AIX operating environment. IBM and Vertel will jointly market the new AIX-based OSSC product line, sharing royalties and license revenues. The joint marketing agreement was finalized in September 1999 and integration of the Vertel tools into the AIX environment is near completion. First offering of the new OSSC development solutions is expected by January 2000, with a number of potential customers expressing early interest in the product line. IBM's new OSSC solutions will feature Vertel's TMNTelecore Agent Development Environment (ADE) and Manager Development Environment (MDE), plus Vertel's Agent and Management Simulators. These additions will enable telecommunications and network equipment manufacturers, as well as carriers and service providers that design networks using TMN standards, to utilize the strengths of the IBM AIX platform to develop and host carrier-grade network management solutions. "We are engineering our next generation of OSSC solutions to enable carrier-grade AIX-based network management systems for both packet and circuit networks," said Ed Poole, OSSC product manager, IBM Global Services - Federal Solutions. "The addition of Vertel's TMN development environment into our OSSC suite offers AIX-based developers greatly enhanced performance, reliability and scalability that will allow them to realize carrier-grade capability." "We are delighted to be partnering with an industry leader like IBM to bring high-performance, standards-based development solutions to the AIX platform," said Alan Ehrlich, director, TMN product management, Vertel. "The AIX development community has been looking for a truly reliable network management solution and Vertel products have a proven track-record of meeting the stringent requirements of both the enterprise and the telecom industry. It's a win-win partnership." The new OSSC product line will help streamline the development and deployment of multivendor, carrier-grade network management solutions within the IBM-user community. "Our partnership with Vertel has been crucial to quickly and successfully bringing this product suite to market," said Poole. IBM plans to incorporate additional Vertel products into the OSSC line in the future. About Vertel Corp. Vertel is a leading global provider of carrier-grade, broadband Internet software infrastructure and management solutions. Vertel offers a wide range of technologies and applications, supporting end-to-end network and service management with the highest quality of service for network operations. Vertel's solutions are deployed worldwide by service providers, network operators, software vendors, and systems integrators. Vertel also delivers turnkey management applications that fit individual customer requirements through its Professional Services Unit. The company is based in Woodland Hills, and has sales offices throughout the world. Contact Vertel on the World Wide Web at vertel.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 by Vertel, including, but not limited to, the annual report on Form 10-K for the year ended Dec. 31, 1998 and the quarterly report on Form 10-Q for the quarter ended June 30, 1999. CONTACT: Vertel Corp., Woodland Hills Sandy Christopher, 818/227-5735 sandy-christopher@vertel.com Karen Hollink, 818/227-1478 karen-hollink@vertel.com or Ketchum Patrick Foarde, 916/449-6168 patrick.foarde@ketchum.com