DSET Grows Sales Organization to Deliver OSS Interconnect Solutions to CLEC's; George Timmes Appointed Vice President, Carrier Sales.BRIDGEWATER, N.J.--(BUSINESS WIRE)--Aug. 26, 1998--DSET Corporation (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 : DSET DSET Desert Sunshine Exposure Testing Inc. ) today announced an organizational restructuring that will help it better service the competitive local exchange carrier (CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) ) market. DSET is currently a leading supplier of Local Number Portability "LNP" redirects here. For the airport in Virginia with that IATA code, see Lonesome Pine Airport. For the compound InP, see Indium phosphide. Local number portability, (LNP) for fixed lines, and full mobile number portability (LNP (Local Number Portability) The capability of keeping the same local telephone number when switching carriers. See NP and WLNP. ) solutions and OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. Interconnect Gateways for this fast growing market. "We have seen excellent activity levels in the OSS gateway segment of the market, thus encouraging us to invest in an entirely new and dedicated sales force for OSS and LNP solutions," said Bill McHale, president and chief executive officer of DSET. "Also, a recent industry report indicates that service providers may spend nearly $2.5B between now and 2003, which is at least 4 times larger than our own internal estimates. Some players are attempting to jump into this rapidly emerging segment, but none have the OSS Interconnect Platform that we recently announced as the foundation for our LNP and OSS gateway solutions." A key element of growing the organization is the appointment of George Timmes to the position of VP, Carrier Sales, a new position for the company. Mr. Timmes will be responsible for sales of OSS Interconnect and Local Number Portability solutions, which are sold as either completed products, or built on a custom basis by the company's Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organization for CLEC's or other telecommunications service providers A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. . "George is a seasoned professional in the telecommunications industry where he has led large sales organizations, managed worldwide operations, including most operational areas of a software and services company and has also been the founder of a telecom software company. His can-do attitude and years of experience will accelerate our entry into the CLEC market place" Mr. Timmes joins DSET from Architel Systems Corporation where he was Senior Vice President for Worldwide Operations responsible for worldwide sales, marketing, professional services, product support and training. Prior to Architel, Mr. Timmes co-founded and served as Executive Vice President for Softwire Corporation where he developed and implemented the sales and marketing plans that launched the company into the real-time, mission-critical business applications market. He brings to DSET more than 20 years experience in the telecommunications industry. ABOUT DSET: DSET, founded in 1989, is a leading provider of standards-based application development tools, custom application development services, Local Number Portability solutions and OSS Interconnect Gateway products to the telecommunications industry. The company's application development tools are used globally by network equipment manufacturers to build applications that manage network devices and provision new services such as voice, data and Internet access See how to access the Internet. . The company's local number portability (LNP) and OSS interconnection solutions are used by carriers to facilitate the flow of information between carriers and their respective operational support systems (OSS's). DSET's Professional Services organization provides application development services for those customers without the internal resources to quickly build network management, number portability See NP. or OSS interconnection solutions. The company has offices in Bridgewater, NJ, Richardson, TX, Campbell and Fremont, CA, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. in Chengdu, China, and supports a network of distributors and strategic partners around the world. Except for historical and factual information contained herein, all other information set forth in this news release represents forward-looking statements, including all statements about DSET's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections that involve certain risks and uncertainties and could cause actual results to differ materially from those in the forward-looking statements. Investors are encouraged to consider these risks and uncertainties which are discussed in documents filed by DSET with the Securities and Exchange Commission, including, without limitation, fluctuation of quarterly operating results, dependence on a rapidly evolving telecommunications industry, and dependence on the TMN (Telecommunications Management Network) A set of international standards for network management from the ITU. It is used by large carriers such as Sprint, Verizon and AT&T. industry standard. DSET undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise. Please visit our web pages at www.dset.com.
CONTACT: DSET, Bridgewater
Product:
Alan R. Ehrlich, Product Marketing Manager,
908-526-7500 x223
Investor Relations:
Paul Lipari, Chief Financial Officer,
908-526-7500 x287
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