Press Release: CMVT Completes Acquisition Of Exalink
biz.yahoo.com
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Thursday August 31, 8:14 am Eastern Time
Press Release
Comverse Technology Completes Acquisition Of Exalink
Global Leader In Multimedia Enhanced Services Now Positioned To Offer End-To-End Mobile Internet Solutions
WOODBURY, N.Y.--(BUSINESS WIRE)--August 31, 2000-- Comverse Technology, Inc. (NASDAQ: CMVT - news), the world's leading supplier of software and systems enabling network-based enhanced services, announced today that it has completed the acquisition of Exalink Ltd. On July 5, 2000, Comverse announced a definitive agreement to acquire privately-held Exalink, a leading global supplier of router-based WAP (Wireless Application Protocol) gateways and applications software for the delivery of Internet-based services to all types of wireless devices.
Exalink offers a carrier-grade mobile Internet platform, featuring patent-pending technology, including a unique router-based WAP gateway that supports the delivery of Web content to all types of wireless devices, over both WAP and IP protocols. Unlike the first generation WAP proxy server gateways, Exalink's WAP gateway, eXa.Flow, performs protocol conversion on the network layer, enabling enhanced performance and quality of service, as well as real-time security. The router-based approach also enables interoperability with other vendors' WAP gateways, giving carriers a path to superior mobile Internet service performance without having to immediately abandon their legacy proxy server-based WAP gateways. The expected growth of subscribers and usage is supported by Exalink's high capacity WAP gateway, Mega.Flow, which scales up to accommodate millions of subscribers.
Complementing the broad range of Comverse Network Systems applications and services, the integration of the Exalink acquisition allows Comverse to seamlessly provide their customers with an end-to-end mobile Internet solution and the ability to deploy sophisticated consumer communications services. The addition of Exalink's infrastructure, applications, and platform management software to the Comverse portfolio, further strengthens Comverse's ability to deliver a total communications solution to its customers, integrating both Internet and voice-based applications including unified messaging, voice portal services, location-based services, and m-commerce applications, among others.
In addition to its WAP gateway product, Exalink provides eXa.Rule, a policy-driven database management system for subscriber and platform management, containing information concerning subscriber priorities and device properties and security management; eXa.Application, an integrated application platform consisting of an application core engine, ready-to-deploy personal information management applications, and an open API (Application Program Interface) software development kit; and eXa.Dev, for content providers and third-party developers. Personal information management applications include wireless email, web-based address book, and calendar and to-do list capabilities.
Under the terms of the agreement, Comverse issued approximately 5,261,000 new shares to Exalink shareholders, and assumed Exalink's outstanding options and warrants. The acquisition was effectuated as a tax-free, stock-for-stock transaction, which will be accounted for as a pooling of interests.
About Exalink
Exalink is a leading global supplier of platforms for delivery of Internet-based services to all types of wireless devices, including its patent-pending RT-PACE (Real Time Conversion Engine) technology. The company also offers a groundbreaking device-independent, policy-driven mobile Internet platform, consisting of eXa.Flow WAP gateways; eXa.Rule policy-based management system; and eXa.Application, an integrated suite of ready-to-deploy WAP applications. Exalink is a member of the WAP Forum. Visit the company's Web site at exalink.com.
About Comverse Network Systems
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For additional information, visit Comverse Network Systems' web site at comversens.com.
About Comverse Technology, Inc.
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Visit Comverse Technology's web site at comverse.com. |
