Corsair Completes Acquisition of Subscriber Computing.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--June 23, 1998--Corsair Communications, 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 :CAIR CAIR Council on American-Islamic Relations CAIR Clean Air Interstate Rule (EPA) CAIR Center for AIDS Intervention Research CAIR Changing Attitudes in Recovery CAIR California Association for Institutional Research ), a leading provider of distributed system See distributed computing. distributed system - A collection of (probably heterogeneous) automata whose distribution is transparent to the user so that the system appears as one local machine. solutions to the wireless industry, announced today that it has completed its acquisition of Subscriber Computing, Inc., a privately held supplier of software systems to the wireless telecommunications industry. Under terms of the agreement announced in April, Corsair corsair: see Barbary States; piracy. issued approximately 3,940,000 shares of common stock to existing shareholders of Subscriber. In addition, Corsair assumed options, previously issued to Subscriber employees, to purchase up to approximately 375,000 shares of its common stock and warrants to purchase up to 86,000 shares of its common stock. Subscriber Computing develops, markets, and supports four major lines of products for the wireless industry: customer care, billing, and inventory management; Wireless Intelligent Network (WIN)-based prepaid solutions; fraud detection; and switch data mediation. Systems developed by Subscriber currently service over 20 million wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. users in Europe, North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Australia, Africa, Asia and South America. Subscribers' customers range from small regional operators to nationwide carriers and multinational corporations. Corsair Communications, Inc. is a leading provider of distributed system solutions to the wireless industry. Its PhonePrint fraud prevention system protects over 20 million cellular users in the U.S., Mexico, the Caribbean, the Philippines, Malaysia, and Kazakhstan. Corsair's PhoneCheck performance monitoring application helps carriers control churn by reporting on subscriber equipment performance. The company is currently developing a wireless location solution. This press release may contain forward-looking statements that involve risks and uncertainties. Actual results may differ materially because of various risks, including risks associated with the integration of Subscriber's business and Corsair's business, product sales and installation, demand for Corsair's products and services, continued growth of the wireless telecommunications industry, and other risks associated with Corsair's business. For an expanded discussion on such risks, please see the documents filed by Corsair Communications with the U.S. Securities and Exchange Commission.
CONTACT: Corsair Communications
Bill Taliaferro, 650/842-3263
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