Thursday, December 10, 2009 8:24:48 AM
Acquisition of Outsmart completed; while it sounds good, I saw comments on other boards bashing this step (figuring that VOCL itself is still struggling with its profitability). Sometimes you have to spend money to make money 
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December 10, 2009 01:30 AM Eastern Time
VocalTec Acquires the Business of Outsmart
HERZLIA, Israel--(BUSINESS WIRE)--VocalTec Communications Ltd. (NASDAQ:VOCL) (“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."
"Outsmart’ products have been recognized by Tier-1 mobile service providers as most innovative and leading the upcoming – unavoidable – revolution in providing cross-geography services," said Jacob Bros, CEO of Outsmart. "VoIP technology will play a major role in this paradigm shift and as such teaming up with VocalTec will position the technology of Outsmart in the forefront of the industry."
"We are excited about this acquisition, which allows us to better address the requirements of mobile service providers and is aligned directly with our strategy. Mobile service providers are looking for innovative services that combine VoIP and IN based services so that they are better positioned, given the new competition they face from Skype® and other cross-geography services,” said Ido Gur, President and CEO of VocalTec. “Acquiring Outsmart's assets is a natural step forward that will enable VocalTec to better position itself in the mobile and converged Telecom market.” He continued, “We are committed to Outsmart's technology and believe that the synergies between our respective solutions will enable us to expand our offering and better serve both Outsmart's and VocalTec's customers. We are pleased to welcome Outsmart's employees to the VocalTec team."
About VocalTec
VocalTec Communications (NASDAQ:VOCL) is a global provider of carrier-class multimedia and voice-over-IP solutions for communication service providers. A pioneer in VoIP technology since 1994, VocalTec provides proven trunking, peering and residential/enterprise VoIP application solutions that enable flexible deployment of next-generation networks (NGNs). Partnering with prominent system integrators and equipment manufacturers, VocalTec serves an installed base of dozens of leading carriers. VocalTec is led by a management team comprised of respected industry veterans. www.vocaltec.com
About Outsmart
Founded in 2001, Outsmart is a leading mobile solutions provider of convergence technologies. The Company offers its flagship product, the Plug ‘n Talk™ solution that allows mobile operators to reach out across national borders to tap into new user segments. Based on its Smart Convergence Platform, Outsmart enables operators to converge between mobile and VoIP. This ensures an opportunity to broaden their reach with new revenue generating services for both residential and business users. Visit us on www.outsmarttelecom.com.
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December 10, 2009 01:30 AM Eastern Time
VocalTec Acquires the Business of Outsmart
HERZLIA, Israel--(BUSINESS WIRE)--VocalTec Communications Ltd. (NASDAQ:VOCL) (“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."
"Outsmart’ products have been recognized by Tier-1 mobile service providers as most innovative and leading the upcoming – unavoidable – revolution in providing cross-geography services," said Jacob Bros, CEO of Outsmart. "VoIP technology will play a major role in this paradigm shift and as such teaming up with VocalTec will position the technology of Outsmart in the forefront of the industry."
"We are excited about this acquisition, which allows us to better address the requirements of mobile service providers and is aligned directly with our strategy. Mobile service providers are looking for innovative services that combine VoIP and IN based services so that they are better positioned, given the new competition they face from Skype® and other cross-geography services,” said Ido Gur, President and CEO of VocalTec. “Acquiring Outsmart's assets is a natural step forward that will enable VocalTec to better position itself in the mobile and converged Telecom market.” He continued, “We are committed to Outsmart's technology and believe that the synergies between our respective solutions will enable us to expand our offering and better serve both Outsmart's and VocalTec's customers. We are pleased to welcome Outsmart's employees to the VocalTec team."
About VocalTec
VocalTec Communications (NASDAQ:VOCL) is a global provider of carrier-class multimedia and voice-over-IP solutions for communication service providers. A pioneer in VoIP technology since 1994, VocalTec provides proven trunking, peering and residential/enterprise VoIP application solutions that enable flexible deployment of next-generation networks (NGNs). Partnering with prominent system integrators and equipment manufacturers, VocalTec serves an installed base of dozens of leading carriers. VocalTec is led by a management team comprised of respected industry veterans. www.vocaltec.com
About Outsmart
Founded in 2001, Outsmart is a leading mobile solutions provider of convergence technologies. The Company offers its flagship product, the Plug ‘n Talk™ solution that allows mobile operators to reach out across national borders to tap into new user segments. Based on its Smart Convergence Platform, Outsmart enables operators to converge between mobile and VoIP. This ensures an opportunity to broaden their reach with new revenue generating services for both residential and business users. Visit us on www.outsmarttelecom.com.
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