BTSLogic, Inc. Acquires BTS Solutions A/S; BTSLogic's Speech Automated DA Solution To Be Available To BTS Solution's Operator Services Customers.Business Editors/High-Tech Writers COLLEGE PARK, MD--(BUSINESS WIRE)--Feb. 27, 2004 BTSLogic announced today the acquisition of the privately-held "BTS BTS - Bug Tracking System Solutions, A/S" and its affiliated company "Bo Tveden Development, A/S", as well as all assets of the two companies. BTS Solutions, based in Arhus, Denmark, has been developing software-based Directory Assistance and information search engines since 1987 for carriers and service providers world-wide, including TeliaSonera AB (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TLSN TLSN Texas Lone Star Network TLSN The Lounge Says No (Ars Technica Lounge) ), Telenor ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and (NASDAQ:TELN), and US Department of Defense. Fred Korangy, Chairman, President and Chief Executive Officer of BTSLogic, said, "BTSLogic has now merged the best of the breed in DA and information search services with the best of the breed in automated DA solutions. This combination creates a world-class offering that is unsurpassed in the industry." Korangy continued, "BTS is a proven and established player in the DA field with a global customer base of top tier carriers in nearly every region of the world. Their product is already integrated into BTSLogic's Speech Enabled Directory Assistance system. By combining forces, we provide a better product to customers of both companies." Niels Arne Baden, Chief Executive Officer of BTS Solutions said, "Joining BTSLogic team allows us focus on our core competencies. Our combined strength allows us to serve our customers at a much higher level than before. We are looking forward to taking advantage of this opportunity, and expand the range of solutions we offer to our customers." BTSLogic intends to continue to provide state of art in DA solutions to the market, and expand its operational base worldwide. Customers of former BTS Solutions A/S and Bo Tveden Development A/S will continue to receive world-wide support as well as have access to new solutions offered by BTSLogic. About BTSLogic BTSLogic (http://www.BtsLogic.com), a subsidiary of LogicTree, Corp, is the leading provider of MultiModal Two or more modes of operation. The term is used to refer to a myriad of functions and conditions in which two or more different methods, processes or forms of delivery are used. On the Web, it refers to asking for something one way and receiving the answer another; for example requesting Automated Directory Assistance solutions. BTSLogic BTSLogic's SEDA SEDA Staff and Educational Development Association SEDA Sustainable Energy Development Authority (Australia) SEDA Social and Economic Data Analysis SEDA Special Ed Assistant SEDA South East Drift Association (TM) (Speech Enabled Directory Assistance) service is a speech and multi-modal solution, offering full automation for DA, Reverse DA, and Enhanced DA services. BTSLogic is headquartered on College Park, Maryland College Park is a city in Prince George's County, Maryland, USA. The population was 24,657 at the 2000 census. It is best known as the home of the University of Maryland, College Park, and since 1994 the city has also been home to the "Archives II" facility of the U.S. . |
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