Business Services Industry
Veraz Networks Joins GSM Association
Business Wire, March 18, 2008
Network Interconnection and IMS Application Expertise to Help Wireless Carriers Enhance Revenue Generation
SAN JOSE, Calif. -- Veraz Networks, Inc. (NASDAQ:VRAZ), a leading global provider of IMS-based solutions, today announced that it has become an associate member of the GSM Association (GSMA). Veraz brings its expertise in IMS-based network solutions to partner with fellow GSMA members and further enhance the ability of wireless carriers to generate new revenue and business opportunities.
Wireless operators today are looking to IMS to efficiently offer new and enhanced services across their various generations of networks. With Veraz's IMS-based product portfolio -- the Controlswitch[TM], the Multimedia Service Delivery Platform, and the Multi-Media Optimization Platform--Veraz is enabling new service creation and network cost reductions in 32 wireless carriers to date. Transit solutions for optimal routing to increase revenue assurance, applications delivery, IP interconnection to wholesale carriers, and service creation platform integration are all examples of Veraz IMS-based solutions. As part of its Multi-Media Optimization platform, Veraz also offers the I-Gate 4000, an industry-leading bandwidth optimization product delivering voice enhancement features for wireless applications.
The GSMA is a global trade association representing the global mobile industry. Membership comprises more than 700 mobile networks in 220 countries and more than 200 associate member manufacturers and suppliers. "Our Associate Membership program is designed to allow vendors to contribute their knowledge and expertise to the many issues being addressed by our working groups," said Rob Conway, CEO and board member of the GSMA. "We are pleased to welcome Veraz Networks as the newest member of the GSMA and look forward to the knowledge and expertise they will bring to our community."
"Our GSMA membership enables us to further our collaboration with mobile operator members around the world to offer and expand the capabilities of global services," said Dawn Hogh, VP of Marketing for Veraz Networks. "We look forward to working with the GSMA, leveraging Veraz's strength in IMS-based service creation and network cost reductions."
About Veraz Networks, Inc. (NASDAQ:VRAZ)
Veraz (www.veraznetworks.com) is a leading global provider of IP softswitches, media gateways and digital compression products that enable voice, video and other multimedia services. Wireline, broadband and wireless service providers in over 50 countries have deployed Veraz's IP product suite to transport, convert and manage voice and multimedia traffic over both legacy and IP networks. Veraz products allow service providers to quickly and efficiently migrate from traditional voice networks to all-IP, fixed-mobile and multimedia networks consistent with emerging IMS standards.
This press release may contain forward-looking statements regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. These forward-looking statements involve risks and uncertainties, as well as assumptions that if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include but are not limited to, future sales of Veraz products as a result of membership in the GMSA including specifically with mobile operators and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Veraz' business is set forth in our Annual Report on Form 10-K filed with the SEC, including the "Risk Factors" section for the year ended December 31, 2007 as filed with the Securities and Exchange Commission. These filings are available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.
VRAZ-IR
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