Bell Net Corporation and Ubiquity Sign Strategic Distribution, Investment Deal Worth $8.5M-$13.5M.Business Editors REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--July 28, 2003 Deal Aimed to Accelerate Deployment of Ubiquity's SIP Solutions in Japanese and Chinese Markets Ubiquity Ubiquity See also Omnipresence. Burma-Shave their signs seen as “verses of the wayside throughout America.” [Am. Commerce and Folklore: Misc. , a developer of SIP-based communications software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems for service providers, and Bell Net Corp. (Japan), a leading Japanese systems integrator, today announced the signing of a joint distribution and investment agreement. Under the terms of the deal, valued between $8.5 million - $13.5 million, Bell Net has invested $5 million in preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. in Ubiquity Software with warrants for up to $5 million in additional investment. Also, Bell Net and Ubiquity have renewed a sales distribution agreement worth a minimum $3.5 million over the next 12 months, which delivers Ubiquity's award-winning SIP Application Server and Speak Conference Director products to the region's service providers. The agreement strengthens the two companies' commitment to jointly bring cutting-edge SIP-based solutions to the burgeoning Japanese and Chinese IP communications A general term for networks that use the IP protocol for voice (VoIP) and video traffic. See IP telephony. markets. Bell Net has now become a Ubiquity Authorized Service Provider An Authorized Service Provider (ASP) is a third party person that has been cleared to work on a product that is still under warranty by another company without voiding the warranty. (TM). "Ubiquity has proven an excellent partner for us and this agreement reflects that," said Yukio Shimada, senior executive vice president & COO. "Ubiquity's open, programmable SIP Application Server platform is a critical element of our strategy to bring best-of-class SIP-based communications solutions to our customers." "We believe Asia is among the most promising markets for advanced SIP-based communications solutions," said Ian McLaren, 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. , Ubiquity. "We are thrilled to announce our strategic partnership with Bell Net and are absolutely committed to meeting the needs of the local marketplace." About Ubiquity Ubiquity Software Corporation develops and markets SIP-based communications software, including its award-winning SIP Application Server (SIP A/S) and Speak Conference Director. The SIP A/S is both a carrier-class deployment platform and a programmable, standards-based application creation environment (ACE) that allows providers to develop and deploy next-generation converged communications services. Speak Conference Director is a rich media conferencing application built using the SIP A/S and sold to service providers worldwide. Use of the SIP A/S is extended to service providers and Independent Software Vendors (ISVs) through open, standards-based application programming interfaces (APIs). Ubiquity has corporate offices in the US, UK and Canada. For more information, please visit www.ubiquity.net or email info@ubiquity.net. About Bell Net Corp. Bell Net is a leading systems integrator and SIP-based communications application service provider (CASP CASP California Anti-SLAPP Project CASP Critical Appraisal Skills Programme CASP Canadian Association for Suicide Prevention CASP California Association of School Psychologists CASP Comprehensive Agricultural Support Programme (South Africa) ) based out of Tokyo, Japan. Bell Net specializes in the integration of SIP-based communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. tailored to service providers' unique needs. Bell Net's CASP operation provides basic and enhanced SIP-based telephony service, number resolution, and advanced billing and subscriber administration through a hosted network model. For more information, please visit www.bnc.co.jp. |
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