Vistula Acquires Rights

Vistula announced it has acquired the V-Cube IP-PBX solution and related intellectual property rights from NetYantra

June 12, 2006

2 Min Read

NEW YORK -- Vistula Communications Services, (OTC Bulletin Board: VSTL - News), a global supplier of flexible and reliable Voice over Internet Protocol ("VOIP") services to major Telecommunications Carriers and Internet Service Providers, today announced it has acquired the V-Cube IP-PBX solution and related intellectual property rights from NetYantra Inc. Vistula was previously marketing and distributing the V-Cube product range under an exclusive world-wide distribution agreement with NetYantra. The purchase price for the V-Cube solution and associated IP rights was $8.8 million and 14 million shares of Vistula's common stock.

The V-Cube solution, which serves as Vistula's core Voice over IP technology offering, facilitates full contact communication services including Voice, Video, Conferencing, Call/Contact Center and full hosted IP/PBX functionality across IP networks and provides a centralized administration, provisioning and maintenance interface. V-Cube offers a flexible cost effective IP Communication solution with Personal Call Control for Telco's and ISP's to launch products to their customers.

Rupert Galliers-Pratt, Chairman of Vistula said "The acquisition of the V- Cube intellectual property means that Vistula is uniquely positioned as a market leader in owning and supplying proprietary hosted IP/PBX solutions. We are fortunate in having secured such an innovative and commercially effective product suite. V-Cube puts Vistula at the forefront of what is unquestionably destined to be the future of telecommunications, supplying systems that we expect will be adopted by small, medium and large businesses throughout the world."

"We have been delighted with the success that Vistula has achieved in such a short period of time and it was a logical step to bring V-Cube wholly into Vistula," commented Vinod Sankar, one of the founders of NetYantra. "My colleagues and I could not be more excited at the prospect of operating together within Vistula as we build on the success that has been achieved to date."

Vistula Communications Inc.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like