Alcatel and Axes Technologies Inc. Announce Development Partnership.Business & High Tech Editors DALLAS--(BUSINESS WIRE)--Aug. 4, 2000 Alcatel (NYSE NYSE See: New York Stock Exchange : ALA) and Axes Technologies Inc. today announced they have signed a broad agreement under which Axes will provide software and hardware engineering services to Alcatel to supplement Alcatel's in-house engineering activities. Axes development teams function as an integral part of Alcatel's development organization to deliver leading-edge telecommunication solutions to the worldwide marketplace. For more than five years Axes has been providing engineering resources for a number of Alcatel product lines and recently delivered a media gateway control protocol next generation protocol stack The set of protocols used in a communications network. A protocol stack is a prescribed hierarchy of software layers, starting from the application layer at the top (the source of the data being sent) to the data link layer at the bottom (transmitting the bits on the wire). for Alcatel's Softswitch product. "Over the years we have been impressed by Axes Technologies' ability to supply us with exceptional engineering talent in a tight labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience and deliver high quality software in a timely fashion," said Mike Myers Mike Myers may refer to:
Paul Pandian, Axes president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said, "I am pleased to have Alcatel confirm our long-standing and mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship by announcing our development partnership. " As part of the agreement Axes will expand the scope of its projects with Alcatel and more closely align both companies' product and project plans." Axes Technologies, Inc and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , ipGen Inc., are privately held corporations headquartered in Dallas. The companies employ more than 400 people worldwide focused on providing mission critical real time telecommunication software solutions, hardware solutions and next generation protocol stacks. In 1998 and 1999 Axes was listed in the Dallas chamber of commerce list of the 100 fastest growing companies in Dallas. Alcatel builds next generation networks, delivering integrated end-to-end voice and data networking solutions to established and new carriers, as well as enterprises and consumers worldwide. With 120,000 employees and sales of Euro 23 billion in 1999, Alcatel operates in more than 130 countries. Information about Alcatel is available on the Internet at http://www.alcatel.com. |
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