IP Unity acquisition of Glenayre Messaging from Glenayre Technologies now final
IP Unity Glenayre Completes Merger, Names Executive Management Team
MILPITAS, Calif. and ATLANTA, Georgia. -/January 4, 2007 - Wi-Fi Technology News/- IP Unity Glenayre, the new leader in delivering carrier?grade messaging and multimedia solutions over IP, TDM and enterprise networks, announced that the IP Unity acquisition of Glenayre Messaging from Glenayre Technologies, Inc. (Nasdaq: GEMS) is now final, completing the transaction announced on December 14, 2006.
The newly consolidated company serves a diverse global customer base of over 2000 deployments covering 300 wireline telco, cable, wireless and FMC service providers, as well as large enterprises and public agencies. The company delivers a strong portfolio of rich media services, and supports an unrivaled breadth of advanced applications for IMS enabled and other carrier grade environments.
In addition, IP Unity Glenayre announced its new executive management team, which consists of several industry veterans including:
? Arun Sobti, Chairman and CEO
? Bruce Bales, President
? Bob Swedroe, Chief Financial Officer
? Sonny Bettis, Chief Technology Officer
? Keith Bhatia, Senior Vice President of Sales for the Americas and General Manager of Japan
? Nigel Waller, Senior Vice President of Sales for EMEA and Asia Pacific
? Stan Little, Senior Vice President of Marketing and Business Development
? Piyush Modi, Senior Vice President of Engineering
?The reaction of our customers and partners to the merger of these two companies has been extremely positive,? stated Arun Sobti, Chairman and CEO of IP Unity Glenayre. ?We are creating strong value for our clients and expanded opportunity with our partners through this strategic event. We are starting 2007 with a very powerful and united management team, and are ready to claim a commanding position in all segments in which we participate.?
The new company has a combined subscriber base of 79 million end users and remains committed to its current product lines and existing customers. Additionally, the combined strengths of IP Unity and Glenayre Messaging enable the company to offer innovative new products to all segments of the growing value added services market.
About IP Unity Glenayre
IP Unity Glenayre is the leader in delivering carrier?grade messaging and multimedia solutions over IP, TDM and enterprise networks. The company?s unified communications framework brings together messaging services and rich media distribution to users across disparate networks and devices. IP Unity Glenayre offers one of the industry?s broadest portfolios of applications, including voicemail, unified messaging, conferencing, SMS, MMS, text to speech, speech recognition, fax, IVR voice portal, color ringback tones, prepaid billing, video portal, video conferencing, videomail and video gaming, all built using open standards based technologies such as VoiceXML.
IP Unity Glenayre?s comprehensive multiservice solutions are deployed globally, over best-of-breed media servers and application servers and across traditional and all-IP broadband wireless, wireline and FMC networks. For more information, go to
http://www.ipunity-glenayre.com.
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