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AVST Signs Letter of Intent to Purchase SaaS Technology from Voice Mobility International, Inc. - Applied Voice & Speech Technologies, Inc. (AVST) today announced that it has entered into a Letter of Intent to purchase certain assets of Voice Mobility International, Inc. (Voice Mobility or VMI)
AVST Signs Letter of Intent to Purchase SaaS Technology from Voice Mobility International, Inc.

 

PRZOOM - /newswire/ - Orange County, CA, United States, 2010/07/21 - Applied Voice & Speech Technologies, Inc. (AVST) today announced that it has entered into a Letter of Intent to purchase certain assets of Voice Mobility International, Inc. (Voice Mobility or VMI).

   
 
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The principal assets being acquired in this transaction are the Voice Mobility UCN250 software as a service (SaaS) platform and all related technology and customers. Terms of the transaction were not disclosed.

The UCN250 is a highly scalable and reliable Linux and SIP-based SaaS platform that will be integrated into AVST’s unified communications (UC) solution portfolio to accelerate AVST’s ability to address the evolving communications requirements of current and future AVST customers.

Jay Hutton, Chairman and CEO of Voice Mobility commented, “This partnership constitutes a critical part of the restructuring of Voice Mobility and the realignment of our strategic focus. Our partnership with AVST extends beyond today’s announced technology acquisition and is expected to be long-term in nature as Voice Mobility prepares to launch a suite of secure cloud-based UC services that will be sold directly into the SMB market. We are excited to collaborate with AVST as VMI’s UC solutions partner leveraging the UCN250 SaaS platform to create a secure, mobile-centric UC services portfolio. We will develop this offering in close consultation with AVST and expect to work together in taking it to market. We believe that this long-term strategic technology partnership with AVST will enable us to bring UC solutions to market more expeditiously than we might otherwise on our own.”

According to AVST President & Chief Executive Officer, Hardy Myers, “The acquisition of VMI’s UCN250 technology fits perfectly with our strategic objective to be an industry leader in delivering best of breed and highly-interoperable premise-based, hybrid and cloud-based UC solutions.”

Closing of the transaction is subject to certain conditions precedent, including the execution of a definitive purchase agreement and satisfactory completion of due diligence by AVST. Closing is expected to occur on or before December 31, 2010.

About Voice Mobility
Voice Mobility (voicemobility.com) develops and markets its unified communications product line to enterprise, campus and hosted customers. Our product line includes highly scalable Voicemail, Unified Communication, Fax Service, Interactive Voice Response, and Auto-Attendant applications, as well as unique features like Emergency Event Notification, Mobile Client functionality, Presence, Speech applications and Desktop integration with industry leading software providers. Migration options are available allowing the transfer of messages and data from legacy OCTel® messaging servers.

About AVST
Applied Voice & Speech Technologies, Inc. (AVST) is a leading developer of Unified Communications solutions with over 15 million users relying on its products and services to maximize their productivity. With three decades of innovation excellence, AVST is solely focused on delivering communications solutions that increase individual, group and enterprise productivity. Its flagship Unified Communications platform, CallXpress®, offers best in class interoperability, scalability and resiliency while delivering advanced call processing, voicemail, unified messaging, personal assistant, fax, speech and notification capabilities. With CallXpress, an organization can uniquely protect and extend its existing IT and telephony infrastructure investments — now and into the future.

Headquartered in Orange County, Calif., AVST (avst.com) maintains facilities in Seattle, Wash. and the United Kingdom and has remote sales offices throughout the United States. AVST's Unified Communications solutions are sold and supported internationally by an extensive network of resellers and OEM partners. For more information contact Denny Michael, Vice President of Marketing, at 949-699-2300 or access the company's website.

 
 
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Agency / Source: AVST - Applied Voice & Speech Technologies

 
 

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AVST Signs Letter of Intent to Purchase SaaS Technology from Voice Mobility International, Inc.

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Contact: Denny Michael - AVST.com 
949-699-2300 info[.]avst.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AVST - Applied Voice & Speech Technologies securities in any jurisdiction including any other companies listed or named in this release.

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