Ubiquity Preps London IPO

Ubiquity Software announces intention to float on AIM market of the London Stock Exchange

May 3, 2005

3 Min Read

LONDON -- Ubiquity Software Corporation Limited (to be re-registered as a public limited company) (“Ubiquity” or the “Group”), a company that develops software for the telecommunications market, announces its intention to float on the AIM market of the London Stock Exchange.

Highlights:

  • • Ubiquity develops and markets software which enables customers to deploy innovative ‘converged’ communications services, combining voice, video and data, over Internet protocol (IP) networks

    • Market changes in the telecommunications industry are leading service providers to build Next Generation Networks (NGNs), for the purpose of migrating their existing networks, over time, to IP platforms. Independent Gartner research forecasts that service providers will invest US$33bn in fixed-line NGNs alone across 2005 and 2006

    • Ubiquity’s Session Initiation Protocol Application Server (SIP A/S) software platform allows service providers to deliver new and differentiated value-added multi-media services over these networks

    • Ubiquity's SIP A/S has been trialled by 70 service providers, independent software vendors and network equipment vendors (including IBM, Bell Canada and Siemens), leading to its initial commercial deployment in 2004

    • A number of major suppliers to the telecoms industry have selected Ubiquity's SIP A/S as an integrated component of their NGN solutions

    • Yankee Group estimates capital expenditure on SIP application servers will grow from US$466m in 2005 to US$4.77bn in 2009. This forecast includes SIP application servers, SIP-based applications (such as hosted IP telephony and push-to-talk), as well as the service creation and mediation functions that underlie the SIP infrastructure for IMS and Service Delivery Platforms

    • Ubiquity is headquartered in Cardiff and has operations in the US and Canada, employing 167 staff

    • Current investors include CapVest, Alcatel, JK&B, Bell Net and Celtic House

    • Ubiquity’s management team has extensive experience gained at major corporations within the telecoms and software industry including BT, Vodafone UK, MCI Systemhouse, Motorola, 3Com Corporation, EDS and Sun Microsystems

IPO Details:

  • • Ubiquity is planning to seek a flotation on AIM in conjunction with a fundraising to raise approximately £20m for further research and product development, sales and marketing and working capital

    • Evolution Securities Limited is acting as nominated adviser and broker to Ubiquity

Ian McLaren, Chief Executive Officer, commented:

“The telecommunications market is currently undergoing a significant shift, with operators announcing plans to roll out next generation networks based on IP technologies. The flexibility of the Session Initiation Protocol allows service providers to deploy multiple new converged applications to end customers, allowing them to generate increased revenues.”

“It is this opportunity that Ubiquity is facilitating with our award winning software platform, which allows rapid development of new services. Our flotation on AIM will provide the funds to enhance our products and to further service our customers.”

Ubiquity Software Corp.

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