Codima Inc. (OTC:CDMA) Enters Into A Letter Of Intent To Purchase Network Management Technology From Vector Telecom.PHILADELPHIA -- Codima, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. ) a global provider of best practice software tools for VoIP and IT Asset Management today announced that it has entered into a Letter of Intent (LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items ) to purchase Network Management technology from Vector Telecom Ltd. The new technology will substantially extend the Codima Toolbox See toolkit and toolbar. offering. The acquisition should be complete by the end of August 2008. Terms of the agreement were not disclosed. The new software is expected to substantially extend the Codima Toolbox to become one of the most complete product offerings in the network management arena. The network management market is estimated to be in excess of $2.6 billion according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. industry analysts. The new product has the potential of scaling quickly, reselling though the existing worldwide partner network, and significantly increasing the company's revenue. Through this acquisition, Codima will enter into the growing market for comprehensive network performance products. Traditionally, products in this space are known to be complicated and difficult to use. Vector Telecom Ltd. has successfully developed a highly technical solution using advanced statistical methods. The company has created a network intelligence technology that is easy to use and can be running in minutes, thereby bringing unique values to the end user. It automatically monitors IT networks 24/7 to collect key information on network device performance and makes intelligent use of the extensive data collected. Key benefits for an IT professional include a network intelligence product that requires minimal training, rapidly and automatically finds existing network problems and proactively identifies the weakest links to solve problems that could otherwise take weeks to find. Network intelligence products significantly enhance how organizations manage their IT networks. Network downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. can be minimized, ensuring that business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets are up and running. The impact on IT network time, savings, and cost efficiency, is fundamental. "Codima is a front runner front runner n → favorito/a front runner n (fig) → favori(te) front runner n (fig) → in bringing highly innovative, cost efficient and user friendly products to the market. We constantly look for new functions that help improve the Quality of Service of our customer's IT network performance," said Christer Mattsson, 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. of Codima Inc. "Today organizations worldwide fully depend on IT networks for their business operations and we see the demand for network intelligence products escalating." Cautionary Note Regarding 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. : This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including but not limited to statements regarding the Company's beliefs and expectations about the performance and benefits of its technology; marketing and commercialization activities; and our beliefs regarding research and development efforts. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements herein are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after this date. ABOUT VECTOR TELECOM Ltd. A software developer specializing in network management product development Vector Telecom Ltd., is highly recognized for its innovative and versatile solutions to manage IT networks. Founded in 1986 the company has a longstanding experience from both hardware and software products. Today the company is focusing on developing network management products that make intelligent use of extensive network information, helping companies to better understand and manage their valuable IT networks. Vector Telecom Ltd. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in United Kingdom. ABOUT CODIMA Inc. Codima Inc. (OTC:CDMA) provides best practice software tools to help organizations manage their IT networks from beginning to end. Codima Toolbox delivers tools for VoIP network pre-assessment, traffic simulation, post-deployment monitoring and troubleshooting to ensure successful VoIP implementations, as well as network inventory and network visualization Using the computer to convert data into picture form. The most basic visualization is that of turning transaction data and summary information into charts and graphs. Visualization is used in computer-aided design (CAD) to render screen images into 3D models that can be viewed from all tools using Microsoft([R]) Office Visio([R]). Focused on easy to use, cost-efficient, highly visual and modular tools, Codima is a leader in VoIP Management and IT Asset Management. Codima, headquartered in Philadelphia, PA, has offices in London, Johannesburg, Stockholm, Sydney and Tokyo and supports partners globally. PLEASE VISIT www.codimatech.com |
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