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ISoftel Acquires Amoeba

India-based iSoftel Telecommunications to acquire performance management solutions provider Amoeba Telecom Ltd.

July 1, 2002

2 Min Read

NEW DELHI -- iSoftel Telecommunications Pvt Ltd, an India-based subsidiary of iSoftel Ltd (SGX: ISOFTEL) (www.isoftel.com), a next generation software provider to the telecommunications industry, today announced its intent to acquire Amoeba Telecom Limited (AMOEBATEL), a public limited telecom development company whose shareholders include Intel Pacific Inc. and GE Capital Mauritius Equity Investment (GE). This acquisition will enable iSoftel to continue its strategy of penetrating the Asia Pacific region.“The recent global economic slowdown has deeply affected the telecom sector, and unfortunately, iSoftel has not been spared by the impact,” says Kevin Chia, iSoftel president and CEO. “One of the most critical issues during such a downturn is effective cost management. At iSoftel, we have taken various steps to streamline our operations and enhance our products and services through the utilization of joint ventures. Because the demand for IP services is strong throughout the Asia Pacific region, and localization is required to meet the Indian Telecommunication Engineering Centre’s Standards for interfacing with regionally located switches, we have strategized to combine voice, multimedia, and data onto one network to best fill the needs of this growing region. The acquisition of AMOEBATEL will not only facilitate our corporate goal of penetrating the Asia Pacific, but will bring iSoftel immense value in terms of expertise in technology - and the Indian marketplace.” AMOEBATEL, with core expertise in telecom and networking technologies, is a developer of performance management products for new generation service providers. These award-winning products are part of the growing Internet business infrastructure market, designed as network appliances to empower service providers to establish service metrics and manage the performance of network and Quality of Service, or QoS, of the Voice over Internet Protocol, or VoIP to assure end user experience, resources in real-time, estimate and manage network efficiency in real-time, and identify new revenue generation. iSoftel Ltd.

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