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CCPU Buys UPTech Assets

Continuous Computing announces agreement to acquire key assets from UPTech

June 8, 2005

1 Min Read

LONDON -- Continuous Computing® Corporation, global provider of high availability platform solutions that enable telecom equipment manufacturers to rapidly deploy converged communications, today announced the signing of an agreement to acquire key people, products and technology from the product division of China-based UPTech (United Platform Technologies). When closed, this acquisition will enhance Continuous Computing's market position in China and add global product development and regional customer support resources. The addition will increase Continuous Computing's total staffing by approximately 80 people, primarily in Shenzhen, China.

According to PJ Go, president, CEO and co-founder of Continuous Computing, "The acquisition will help Continuous Computing achieve its 2005 corporate goals for extending global reach and augmenting sales, development and manufacturing capabilities. We also expect the acquisition to significantly accelerate our ability to deliver Network Service-Ready Platforms(tm) to telecom equipment manufacturers. Continuous Computing is excited about its new position in the worldwide marketplace and optimistic about additional growth prospects in the future."

UPTech is a leading software and product provider in the rapidly growing Chinese VoIP market. The entrepreneurial spirit of the acquired team is expected to streamline the division's integration with Continuous Computing and to help accelerate the company's development of additional VoIP products.

"This is a win/win situation for both UPTech and Continuous Computing," said Chareleson Zheng, CEO of UPTech. "Continuous Computing will benefit from the success of the products and the market in China while UPTech will be able to focus its energy on the rapid growth of software and services."

Continuous Computing Corp. (CCPU)

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