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August 7, 2008
LONDON -- Averox Inc. (OTCBB:AVOX) today announced that it has reached an agreement to acquire the assets of Provisus Ltd, a software development company based in the UK.
Under the terms of the agreement, Averox acquired all tangible and intangible assets of Provisus, including, but not limited to: Provisus software, service activation and provisioning, Provisus’ trademark, website and marketing materials, and intellectual proprietary rights, source code of core module and all developed modules as of August 5, 2008.
The main product of Provisus Ltd is a provisioning and activation software solution called Provisus used by both fixed line and mobile telecom operators.
Averox has been an exclusive worldwide reseller of the Provisus product for over a year.
“Provisus is an excellent product and we and are pleased that it is now part of the portfolio of products owned by Averox,” said Mr. Salman Mahmood. “The resources and expertise already in Averox will enable Provisus to be rapidly developed to provide solutions for an increasing range of telecom services. Additionally we can further drive Provisus sales by tightly integrating it with other Averox OSS solutions,” he concluded.
Averox Inc. (OTC: AVRI)
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