Global Village Communication completes acquisition of U.K.-based ISDN remote access company.SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 8, 1996--Strengthening its international presence and enhancing its product offerings, Global Village Communication 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 :GVIL) Monday announced it has completed the acquisition of KNX Ltd., a leading U.K.-based provider of ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. remote access products. Global Village, a leading supplier of integrated communication solutions, exchanged 1.4 million shares of common stock for all of the outstanding shares of privately held KNX. As a result, KNX has become 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. of Global Village, known as Global Village Communication U.K. Ltd. Charles Greatrex, previously on the KNX board of directors, will serve as vice president and general manager of Global Village's U.K. operations, reporting directly to Neil Selvin, 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. , Global Village. "The addition of ISDN capabilities to our existing communication software products was the next logical step in keeping with our mission to continue to make communicating easier for PC users," Selvin said. "Our customers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. high-speed performance whether they are connecting to the Internet, accessing the office network from a remote location or sending e-mail messages from the road." "KNX was looking for a partner with a leading position in the communication arena which would enable us to deliver our ISDN solutions to leading markets worldwide," said Greatrex. "The merger enables KNX to extend its product portfolio and presence into the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , as well as expand on its market leadership in the U.K." The KNX product portfolio includes basic and primary rate ISDN cards for PCs, laptops and servers. The intelligent ISDN cards support PPP (Point-to-Point Protocol) The most popular method for transporting IP packets over a serial link between the user and the ISP. Developed in 1994 by the IETF and superseding the SLIP protocol, PPP establishes the session between the user's computer and the ISP using and Multi-link PPP and provide a range of features, including multiple security levels, multiple protocol spoofing Protocol spoofing is used in data communications to improve performance in situations where an existing protocol is inadequate, for example due to long delays or high error rates. and line cost management through unique dynamic tollsaving features. KNX also offers a family of integrated ISDN/analog telephone systems ideally suited for small offices or branch offices of larger organizations in diverse industry sectors including retail, finance and government. This product family combines ISDN data services with support for multiple analog telephone services in an easy-to-manage, stand-alone format. Global Village Communication Inc. Global Village Communication is a leading supplier of integrated communication solutions for personal computer users. Global Village Communication U.K. Ltd., a wholly owned subsidiary of Global Village Communication Inc., offers complete Windows-based ISDN solutions. CONTACT: The Bohle Co., Los Angeles Vikki Holmes/Kim Uberti, 310/785-0515 vh@bohle.com kim@bohle.com or Global Village Communication, U.K. Ltd. Nikki Myles, 011-44-1756-702-500 |
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