To: Stephen B. Temple who wrote (2149 ) 12/17/1998 2:47:00 PM From: Stephen B. Temple Respond to of 3178
GeoTel Communications Acquires SS7 Assets of Danar Corporation; Acquisition Expands Portfolio of SS7 Network Protocols Business/Technology Editors LOWELL, Mass.--(BUSINESS WIRE)--Dec. 17, 1998--GeoTel Communications Corporation (NASDAQ:GEOC), a leading provider of customer-interaction software solutions for mission-critical call center applications, today announced its acquisition of certain assets of Seattle, Washington-based Danar Corporation for $2 million in cash and the assumption of certain liabilities. Danar is a privately held network interface development and consulting company specializing in Signaling System 7 interface applications. Under the terms of the agreement, GeoTel has acquired certain assets of Danar comprising primarily of intellectual property related to SS7 network protocols. All of the employees of Danar will become GeoTel employees. This transaction is not expected to significantly impact operating results. The acquisition is the result of a long-standing technical relationship between the two companies and will enable GeoTel to extend its core competency and technology leadership to include a broader capability in deploying SS7 protocols. The assimilation of Danar's workforce into GeoTel also adds significant SS7 protocol experience and knowledge. "The acquisition of SS7 technology is a key element in GeoTel's aggressive expansion plans to service the worldwide carrier market by increasing the capacity and capability needed to rapidly implement network interfaces to the broadest set of global customers," said John C. Thibault, President and CEO, GeoTel Communications. "In the past, GeoTel has been very successful in deploying unique network-based customer-interaction solutions to carriers and service providers. This acquisition further enhances GeoTel's role as a strategic business partner, resulting in competitive differentiation, customer loyalty and new opportunities for the customers we serve." About GeoTel Communications GeoTel Communications Corporation (NASDAQ:GEOC), with headquarters in Lowell, Mass., is a leading global provider of customer-interaction software solutions for mission-critical call center applications. The Company's full-featured Computer Telephony Integration (CTI) products create an enterprise-wide customer-interaction platform by integrating multi-vendor networks, automatic call distributors, voice response systems, databases, desktop applications and other resources. Solutions are provided for single-site, multi-site and network service provider deployments. GeoTel customers include some of the world's largest users of telecommunications and technology services. The Company's software is distributed via a direct sales organization with offices throughout the U.S., Europe and Asia-Pacific, and through selected business partners. GeoTel product and Company information is located on the World Wide Web at geotel.com . Copyright (c) 1998 GEOTel Communications Corporation. All rights reserved. GEOTel, Intelligent CallRouter, Pre-Routing and Post-Routing are trademarks of GeoTel Communications Corporation registered in the United States and other jurisdictions. Network Intelligent CallRouter, Site ICR, GEOTEL stylized logos and all product names in the GEOTEL product family are trademarks of GEOTEL Communications Corporation. All other company and product names are trademarks or registered trademarks of their respective holders. The information in this document is subject to change without notice. Printed in the United States of America.