MetaSolve Buys Nortel OSS Biz

PLANO, Texas -- MetaSolv, Inc. (Nasdaq: MSLV), a global leader in management solutions for next-generation and traditional communications networks and services, announced today an agreement to acquire certain assets of Nortel Networks service commerce operation support system (OSS) business for $35 million USD and the assumption of certain liabilities on closing. The acquisition significantly expands MetaSolv's ability to enable service providers to efficiently manage and deliver differentiated services for IP, data, and wireless, and solidifies the company's global OSS industry leadership position.The acquisition includes software assets of Architel Systems, which was acquired by Nortel Networks in 2000, and certain additional assets of Nortel Networks service management and business management OSS groups. With this acquisition, MetaSolv's combined product suite addresses service providers' key priority in today's economic environment: maximizing investments in existing network technologies, while realizing increased revenues and reduced operational costs from higher margin IP-based and wireless services. "Acquiring these Nortel Networks OSS assets gives us the additional products, expanded global customer base, and the market reach to immediately position MetaSolv as the world's definitive OSS industry leader for planning and delivering IP, data, and wireless services," said Jim Janicki, MetaSolv, Inc. CEO. "With the expanded product suite, MetaSolv can offer service providers scalable, end-to-end fulfillment solutions that help them profitably deliver traditional and next-generation services." MetaSolv Software Inc.Nortel Networks Corp.