Comverse Technology Inc. (Pink Sheets: CMVT.PK) unit Ulticom Inc. (Pink Sheets: ULCM) announced today at the GSMA Mobile Asia Congress in Macau, China, that Korean telecommunications equipment maker Contela Inc. has chosen Ulticom's Signalware software as the signaling platform for its IP-based wireless office solution (IP-WOS).
The value of the deal was not reported.
Contela's IP-WOS is an all-IP based system which allows an enterprise to easily build local area wireless networks inexpensively. With IP-WOS, corporate users can seamlessly access an enterprise's communication services using their CDMA phone, as easily as they do with their PBX extensions. Users have the added benefit of being able to use these corporate CDMA phones for both public and private access.
Signalware provides Contela with a robust application development and deployment platform to deliver new value-added services to their customers. The technology supports a wide variety of global SS7 standards, and can be used as part of a strategy to meet global network deployment requirements.
Ulticom provides service essential signaling solutions for wireless, wireline, and Internet communications. Ulticom is headquartered in Mount Laurel, NJ with additional offices in the United States, Europe, and Asia.
Contela is a developer of IP-based wireless, micro infrastructure and possesses a totally integrated end-to-end solution. The company is headquartered in Boondang, Korea.
Ulticom closed on Monday up 0.8% at $8.06, reflecting a market cap of $348.8 million.
Published by Globes [online], Israel business news - www.globes-online.com - on November 13, 2007
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