Comverse Technology's Telemesser Subsidiary To Merge With e-go systems, A Leading IP-Based Unified Messaging ASP For Enterprise Market.Business Editors/High-Tech Writers WOODBURY, N.Y.--(BUSINESS WIRE)--June 21, 2000 Merger Will Expand e-go's Global Reach & Broaden e-go's Services Portfolio Comverse Technology Comverse Technology, Inc. (Pink Sheets: CMVT) is an American Technology company located in Woodbury, New York, which develops and markets telecommunications software. Founded in 1982, the company focuses on providing services to third party telecommunication service providers. , Inc. (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 : CMVT CMVT Converse Technology ), the world's leading supplier of software and systems enabling network-based enhanced services, today announced that its majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. , Telemesser, will merge with privately-held, UK-based e-go systems plc, a leading applications service provider (ASP) specializing in global, seamless, IP-based unified messaging Having access to e-mail, voice mail and faxes via a common computer application or by telephone. For example, unified messaging may send faxes and digitized voice mail to a mail server that turns them into e-mail attachments. and access services for the enterprise market. Upon completion of the merger, Comverse will own up to 30% of the combined organization, which will operate under the e-go brand. Terms were not disclosed. e-go systems and Telemesser have worked closely together since e-go commissioned Telemesser to manage its messaging services, using Comverse's software and systems. The complementary nature of the two companies' products and skill sets opened the way for merger talks. The newly merged company will focus on securing e-go systems' position as a world leading unified messaging ASP for the enterprise market. "Through its cutting-edge exploitation of IP technology, e-go systems is well-positioned to benefit from the expected growth in the ASP-based enterprise unified messaging market," said Kobi Alexander Jacob "Kobi" Alexander is the founder and the former CEO of New York-based Comverse Technology. Alexander founded Comverse Technology (NASDAQ: CMVT) in 1982 and built it up from a 3-person Israeli startup to employing over 5,000, becoming the leading provider of software and , Chairman, 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. , of Comverse Technology. "The decision to merge Telemesser with e-go systems is an indication of the confidence we have in e-go systems' ability to become a major communications ASP, and in the combined management teams of the two companies." "We are delighted that a company with the record and reputation of Comverse has taken a major stake in e-go. It is a validation of our unique business model and the ASP messaging service concept we have worked so hard to develop," said Ian Roberts, CEO of e-go systems. "Since our inception, we have enjoyed an excellent relationship with Telemesser and are tremendously excited to be working together more closely. We have many synergies with the services which Telemesser provides, and the newly merged company will be better placed to exploit our position as leaders in the IP-based unified messaging arena." Atzmon Lifshitz, President of Telemesser commented, "As a market leader in value-added telecommunications services in Israel and other regions, this merger will facilitate a move into the global arena in a rapidly expanding market place. We shall be focusing our international operations, expertise and development efforts on the deployment of e-go's enterprise messaging services." Ian Roberts will remain CEO of the combined company while Atzmon Lifshitz will become its Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . No redundancy-driven personnel reductions are planned as the two companies are experiencing rapid growth and expect to increase staffing for the foreseeable future. The new entity will be named e-go systems plc. About Telemesser A market leader in telecommunications value-added services, Israel-based Telemesser has been a partnership between Comverse, which holds 75% of Telemesser's shares, and Yedioth Aharonoth, Israel's largest newspaper and media corporation, which holds 25% of Telemesser's shares. Telemesser specializes in value-added network and telephony services, such as messaging, interactive voice response (IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. ), intelligent call agents, mobile content management systems, and other communications applications. The company has five regional joint ventures - in the UK, Hungary, South Africa, the Philippines and South Asia. About e-go systems Based in the UK, e-go systems plc is a leading UK based Internet communications application service provider, delivering global messaging and value-added network services. e-go combines the benefits of the Internet and PSTN (Public Switched Telephone Network) The worldwide voice telephone network. Once only an analog system, the heart of most telephone networks today is all digital. In the U.S. to provide a global, open and seamless messaging service. Unlike other solutions in the market place providing a single messaging "in" box, e-go provides full interoperability with any other e-go customer worldwide, regardless of their telecommunications network operator or Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. . This capability allows organizations to integrate internal communication networks throughout the world with a single solution. In addition, e-go allows customers and suppliers to communicate on the same messaging network, providing significant operational benefits and cost savings. Additional information about e-go is available at http://www.e-gosystems.com About Comverse Technology Comverse Technology, Inc., headquartered in Woodbury, New York Woodbury is the name of some places in the U.S. state of New York:
While online, a software application displays users the Caller ID of the incoming call, and gives users the opportunity to screen the incoming , and other personal communication services (communications) Personal Communication Services - (PCS) Telecommunications services that bundle voice communications, numeric and text messaging, voice-mail and various other features into one device, service contract and bill. PCS are carried over cellular links, most often digital. . Comverse's Infosys Division's products include: multiple channel, multimedia digital monitoring systems marketed to law enforcement and intelligence agencies; and multiple channel, multimedia digital recording, logging, and quality monitoring systems marketed to call centers, financial institutions and other organizations. Comverse's Ulticom Division's products include: network signaling software. Comverse Technology is an S&P 500 and NASDAQ-100 Index company. Visit Comverse Technology's web site at http://www.comverse.com. |
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