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Has acquired substantially all of the assets of Outsmart, a pioneer and provider of telecommunications convergence solutions
December 10, 2009
HERZLIA, Israel -- VocalTec Communications Ltd. (NASDAQ:VOCL - News) (“VocalTec”), a global provider of carrier-class multimedia and voice-over-IP solutions for communication service providers, today announced that it has acquired substantially all of the assets of Outsmart, a pioneer and provider of telecommunications convergence solutions.
The Outsmart assets acquired by VocalTec included Outsmart's technology and intellectual property, as well as its primary customer and partner contracts. The engagement by VocalTec of certain Outsmart personnel is intended to enable the continued development and support and an uninterrupted transition to all Outsmart customers and partners.
Outsmart’s mobile VoIP and Intelligent Network products are a strategic addition to VocalTec’s existing portfolio of VoIP solutions. The combined portfolio positions VocalTec as a provider of VoIP solution and applications to both fixed line and mobile service providers.
"Fixed & Mobile carriers are repeatedly forced to lower their rates. The competitive field is becoming so crowded that the only solution they have is to “go IP” in order to lower their cost. VocalTec is a dominant player providing VoIP end-to-end solutions to service providers," said Ilan Rosen, Chairman of the Board of Directors at VocalTec. "The acquisition of Outsmart will enable VocalTec to get a strong foothold in the Value Added Services area for the service providers, hence accelerate the growth of its business."
magicJack VocalTec Ltd. (Nasdaq: VOCL)
Outsmart Ltd.
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