MGL to Distribute and Support ANTs Data Server.
BURLINGAME, Calif. -- ANTs software inc. (OTCBB:ANTS), a leader in compatible, high-performance SQL database management systems, today announced it has signed an agreement with Mascon Global Limited (www.mgl.com), a global provider of IT services, to resell and support the ANTs Data Server to its customers in the United States, India and other parts of the world. The agreement marks the entry of ANTs Software into the rapidly growing IT market in India, and provides ANTs with an important partner for expanding its presence in the multi-billion dollar telecommunications market worldwide.
Mascon will initially target the ANTs Data Server for use in its telecommunications product development practice, where ANTs' high performance and compatibility will enable Mascon to develop new, more competitive solutions. Mascon's team of experienced software engineers have executed numerous projects for major telecommunications OEMs in India and the United States, and the ANTs Data Server will provide Mascon with a valuable technological edge as it expands its telecom service offerings into Southeast Asia and Europe. Mascon hopes to employ the ANTs Data Server across all its major service areas, including application management outsourcing, enterprise systems implementation, and web application development.
"Our extensive technical evaluation of the ANTs Data Server proved it to be superior to anything else on the market in terms of performance in highly transactional environments, beating out all the other in-memory and traditional databases on the market," said Sandy Chandra, chairman of Mascon Global Limited. "Mascon offers its clients significant cost advantage, helping them take cost out of the system by as much as 60 percent, and the ANTs Data Server will be a significant contributor in our ability to provide these savings."
Initially, Mascon intends to apply the ANTs Data Server to developing telecommunications applications for highly demanding transactional volume environments, such as wireless applications, operational and billing support systems (OSS/BSS), unified messaging, embedded systems, and other applications. Mascon will provide product licenses, support and professional services for integration of the ANTs Data Server. Mascon envisions the ANTs Data Server providing significant technological and cost advantages for the company's many other IT service areas, including application management outsourcing, Java and .NET web development solutions, and software implementation and consulting services.
"Mascon is one of the most important IT services companies in India with a reputation for providing high value IT services to its global customers, enabling ANTs to make an impact in India, and to expand its presence in markets worldwide," said Joe Kozak, president and CEO of ANTs Software. "Along with financial services, telecommunications is one of the most demanding, highly transactional environments. It is precisely in these applications that ANTs shines, providing the performance required while significantly reducing the total cost of ownership."
About the ANTs Data Server
The ANTs Data Server is a full-featured, standards-compliant relational database management system based on a breakthrough, high-performance SQL query execution engine that incorporates innovative, lock-free operations. It can typically be deployed on fewer, low-cost servers with the potential to reduce hardware, software and system administration costs by 60 to 90 percent. Through its compatibility with Oracle, Sybase, and SQL Server databases, and its embedded deployment mode that supports Oracle-TimesTen applications, the ANTs Data Server allows applications to be moved without the major rewrites and cost usually associated with application migration.
About Mascon Global Limited:
Mascon Global Limited (www.mgl.com) is an SEI-CMMI level 5 assessed and ISO27001, TL 9000 and ISO9001 certified global provider of telecommunications and software services. Through an innovative blend of products, services, and delivery models, it assists companies to build, deploy, and maintain technology-based solutions as key enablers of their business strategy. Headquartered in India and the United States, the company has more than 2,200 professionals in different offices spread across three continents.
ANTs software inc.
ANTs software inc. (OTCBB:ANTS), based in Silicon Valley, develops and sells the ANTs Data Server, an affordable, high-performance relational database that is compatible with popular databases. The company's mission is to help customers reduce hardware, software and development costs by providing exceptional database price/performance. For more information on ANTs Software, visit www.ants.com.
This press release is neither an offer to sell, nor a solicitation of offers to purchase, securities. This press release contains forward-looking statements within the meaning of the federal securities laws, including statements concerning product development activities and sales and licensing activities. Such forward-looking statements are not guarantees of future performance, are sometimes identified by words of condition such as "should," "may," or "intends," and are subject to a number of risks and uncertainties, known and unknown, that could cause actual results to differ materially from those intended or anticipated. Such risks include, without limitation: challenges arising from competition, difficulties experienced in product development, roadblocks experienced in sales and marketing activities, longer than expected sales processes, lack of sales arising from the reseller agreement, difficulties in recruiting knowledgeable and experienced personnel, possible problems in porting applications to the Company's database, potential problems in protecting the Company's intellectual property, and problems securing the necessary financing to continue operations. Further information concerning these and other risks is included in the Company's filings with the Securities and Exchange Commission, including the Company's most recent Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2006. The Company undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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|Date:||Feb 13, 2007|
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