Critical Path and Comverse Enter a New Phase in Their Relationship in Messaging.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--May 1, 2002 Critical Path Inc. (Nasdaq:CPTH), a global leader in Internet communications, announced today a new phase of its two-year old strategic relationship with Comverse, a unit of 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:CMVT CMVT Converse Technology ) and the world's leading supplier of software and systems enabling network-based multimedia enhanced communications services. In this phase, Critical Path granted Comverse a worldwide perpetual nonexclusive license to continue to use and modify Critical Path's email source code, which Comverse has incorporated into its messaging products over the past few years. The relationship between Critical Path and Comverse remains a non-exclusive one, and Comverse acquires no technology rights to other Critical Path messaging solutions. By using this code and enhancing it with multimedia capabilities, Comverse will continue to offer superior messaging solutions, mainly in the cellular multimedia messaging market. Similarly, Critical Path will continue to enhance and develop its messaging technologies and products separate from Comverse. In this transaction Comverse also purchased the right to resell licenses to other messaging and identity management products from Critical Path's portfolio, such as CP(TM) Presentation Server and CP(TM) Calendar Server. "Our relationship is a testament to the successful synergy of Critical Path's Internet communications infrastructure with Comverse's network-based multimedia enhanced communications services and products," said Bill McGlashan, chief executive officer of Critical Path. "We are pleased to continue to incorporate Critical Path technology in our messaging product line and by combining their technology and Comverse multimedia capabilities we will continue to offer superior enhanced multimedia messaging solutions to the cellular market," said Menashe Rothschild, chief technology officer of Comverse. About Critical Path, Inc. Critical Path, Inc. (Nasdaq:CPTH) delivers software and services that maximize the value of Internet communications. The company provides messaging and collaboration solutions -- from wireless, secure and 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. to basic email and personal information management -- as well as identity management solutions that simplify user profile management and strengthen information security. The standards-based Critical Path Communications Platform, built to perform reliably at the scale of public networks, delivers the industry's lowest total cost of ownership for messaging solutions and lays a solid foundation for next-generation communications services. Critical Path's customers include more than 700 enterprises, 190 carriers and service providers, eight national postal authorities and 35 government agencies. Critical Path is headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden with offices throughout 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. , Europe, Asia and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . More information on Critical Path can be found at www.cp.net About Comverse Comverse, a unit of Comverse Technology, Inc. (Nasdaq:CMVT) is the world's leading provider of software and systems enabling network-based multimedia enhanced communications services. More than 390 wireless and wireline telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. operators, in more than 100 countries, have selected Comverse's enhanced services systems and software, which enable the provision of revenue-generating value-added services including call answering with one-touch call return, short messaging See SMS. services, IP-based unified messaging (voice, fax, and email in a single mailbox A simulated mailbox in the computer that holds e-mail messages. Mailboxes are stored on disk as a file of messages, a database of messages or as an individual file for each message. The standard mailboxes are usually In, Out, Trash and Junk (Spam). ), 2.5G/3G multimedia messaging (MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. ), wireless instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or , wireless data and Internet-based services, voice-controlled dialing, messaging and browsing, prepaid wireless services, and additional 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. . Other Comverse Technology business units include: Verint Systems Verint Systems (Pink Sheets: VRNT) is a leading provider of analytic software and hardware based solutions for the security and business intelligence markets. See also
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All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s). Forward-Looking Statements This press release contains forward-looking statements by the Company and its executives regarding expected future business, financial and product performance, including the Company's statements regarding endorsements of our product and services offerings by our customers and partners, the strategic refocusing Noun 1. refocusing - focusing again focalisation, focalization, focusing - the act of bringing into focus of our operations throughout the world, industry trends, market requirements and the ability of our products and services to meet the business needs of our customers, and the market for outsourced services like ours and our strategic partners. The words and expressions "look forward to," "will," "expect," "plan," "believe," "seek," "strive for," "anticipate," "estimate" and similar expressions are intended to identify the Company's forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, our evolving business strategy and the emerging and changing nature of the market for our products and services, our ability to deliver on our sales objectives, the ability of our technology and our competitors' technologies to address customer demands, changes in economic and market conditions, unplanned system interruptions and capacity constraints, software and service design defects. These and other risks and uncertainties are described in more detail in the Company's filings with the U.S Securities and Exchange Commission (www.sec.gov) made from time to time, including Critical Path's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2000, as amended, and the Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. for the quarters ended September 30, 2001, June 30, 2001 and March 30, 2001, as may be amended from time to time. Note to Editors: Critical Path and the Critical Path logo are the trademarks of Critical Path, Inc. All other trademarks are the property of their holders. |
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