Cisco Makes Strategic Investment in Portal Software Valued at $39 Million; Cisco Chooses Portal as Strategic Customer Management and Billing Partner.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--May 12, 1999-- Cisco Systemsnd billing software for Internet and emerging next-generation communications services. Cisco has purchased 3,000,000 shares of Portal's common stock valued at approing will work closely with Portal to deliver sos market is in a constant state of evolution annt at Cisco. "Cisco views customer management and billing as an extremely important component of a service provider's Internet infrastructure, and Portal's software offers real-time functionality to meet the changing needs of this marketgement and billing for IP and next-generation sP product lines." Portal's real-time custod billing. Portal's real-time technology and flexibility are designed to enable Internet service and communications companies Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. to generate more revenue and be more competitive by bringing new services to market quicker and by establishing for providers of Internet-based services. Portatp://www.cisco.com. Note to Editors: Portal and Infranet are U.S. registered trademarks, and Portal Software Portal Software was founded in 1985 as Portal Information Network, one of the first ISPs in the San Francisco Bay Area. It was founded by John Little. The company offered its own interface through modem access that featured Internet email. , the Portal logo, the Real-Time-No Limits tagline and Infranet IPT IPT - IP Telephony are trademarks of Portal Software, Inc. Cisco, Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Cisco IOS Cisco IOS (originally Internetwork Operating System) is the software used on the vast majority of Cisco Systems routers and all current Cisco network switches. IOS is a package of routing, switching, internetworking and telecommunications functions tightly integrated with a and the Cisco Systems logo are registered trademarks of Cisco Systems, Inc. in the U.S. and certain other countries. This press release may contain certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that relate to Portal Software's future business and financial performance. Such statements are subject to a number of risks and uncertainties that may cause the actual events or future results to differ from those discussed herein. Such factors include: Portal' s limited operating history, fluctuating quarterly operating results, expectation of continued losses, market acceptance of Portal's Infranet product, reliance on its direct sales force to sell Infranet, concentrated customer base, reliance on systems integrators and other strategic relationships, ability to manage growth, ability to attract and retain key personnel, the continued growth of the Internet and Internet-based systems and dependence on proprietary rights. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion