MORRISTOWN, N.J. -- Communications software and solutions provider Telcordia Technologies, Inc. announced today the spinout of technology into a new company, Network Design Tools, Inc. (NDTI). Headquartered in Monmouth County, NJ, NDTI provides optical and wireless design software for next generation network simulation, modeling and economic forecasting. Much of the software and product design team originate from the Telcordia Applied Research Organization, one of the industry's leading centers for telecommunications research and development. In connection with the spinout from Telcordia, NDTI has received $15M in equity funding from Pequot Capital Private Equity to expand and accelerate the development and marketing of the company's design software.

"We are thrilled that these tools, which have already been used successfully with leading global service providers for the introduction of leading-edge technologies in their networks, will now be available commercially," said Robert Lucky, corporate vice president, Applied Research, Telcordia Technologies. "Network Design Tools has the potential to unleash tremendous value by turning these solutions into commercial products."

http://www.telcordia.com/newsroom/pressreleases/03192001.html