Verso Expands Professional Services Group.

Offering includes the introduction of managed services to help Tier-1 carriers plan, accelerate and manage the deployment of new services

ATLANTA -- Verso Technologies, Inc. (Nasdaq: VRSO), a global provider of next generation network solutions, announced today an expansion of its Professional Services Group (PSG) focused on partnering with carriers to reduce the complexities and challenges associated with network integration when building world-class next generation networks (NGN). The expansion builds upon the foundation of the PSG, which Verso acquired as a result of the June 2006 acquisition of Verilink.

Professional services consist of outsourcing some aspect of the network's operations function to a third party provider such as Verso Technologies, whether on an ongoing or project basis, in order to add new services or capabilities. Managed services consist of the practice of outsourcing some or all of a carrier's day-to-day network management responsibilities to reduce operating expenses and improve cash flow while streamlining operations and improving cost structure.

PSG is staffed by an experienced PMP[R]-certified team that delivers professional and managed services backed by the skills and tools of a seasoned team. The Group adheres to the Six Sigma approach, a disciplined, data-driven methodology that effectively eliminates defects and failures at all stages of the product and service cycle.

The PSG offering consists of five programs which include: Business Process Engineering, Design Consulting, Technical Delivery Services, Technical Operations Services, and Training. Programs may be purchased on an as-needed or bundled services basis depending on a customer's business needs.

Services offered include project management consultation, product maintenance, replacement and/or inventory management as well as installation and training support. Specifically, PSG oversees and manages professional, managed, deployment and maintenance services, and customer premise operations -- all through a highly disciplined and structured Project Management Office (PMO). Employing state-of-the-art performance reporting, the PMO generates service metrics as well as product reporting to assist in developing new operational procedures to expand market share.

Today, carriers are faced with increased pressure to control capital and operating expenses, while managing network capacity, rapid technology changes and new service introductions. This has created an environment in which an increasing number of service providers require outsourcing as a solution. According to InfoTech, the North American managed services market is expected to grow from $47.3 billion in 2005 to $87.5 billion in 2011, a compounded average growth rate (CAGR) of 10 percent. Globally, the market for managed services topped $129.7 billion in 2005 and is projected to reach $252 billion in 2011 with a CAGR of 12 percent.

"The professional services market is a significant opportunity and is expected to grow significantly," said Monty Bannerman, chief executive officer, Verso Technologies. "The PSG, with its Tier-1 base, enables us to begin offering professional and managed services across the globe. It also provides Verso a substantial and ongoing revenue stream which is a variation on our existing business model," Bannerman added. "We intend to capitalize on the growing managed services market by marketing our services to carriers worldwide via our existing channels including direct and indirect sales."

PSG will be led by Senior Vice President of Services Worldwide, David Waters. "Carriers no longer purchase complex network equipment, strictly relying on internal resources and expertise to deploy and implement," said Waters. "Aiming for integrated services, carriers seek partners who can efficiently integrate new equipment so they can quickly enhance services while maintaining control over the bottom line. With PSG Verso can now deliver complete end-to-end services and enhance any customer's network, enabling them to quickly deploy and better manage their networks," he said.

About Verso Technologies

Verso is a global provider of next generation network solutions offering a core-to-edge product portfolio primarily for telecommunications service providers. The company's products enable its customers to secure and optimize network bandwidth, generate additional revenue and reduce costs. Verso's applications and services are cost effective, deploy quickly and provide a superior return on investment. For more information, contact Verso at www.verso.com or call 678.589.3500.