PRZOOM - /newswire/ -
Foothill Ranch, CA, United States, 2011/02/01 - Applied Voice & Speech Technologies, Inc. (AVST), announced the completion of a long-term agreement with Voice Mobility International, Inc. (Voice Mobility or VMI) for the exclusive use of Voice Mobility’s unified communications (UC) cloud technology.
Applied Voice & Speech Technologies, Inc. (AVST), today announced the completion of a long-term agreement with Voice Mobility International, Inc. (NEX: VMY.H, Pink Sheets: VMII and FWB: VMY) (Voice Mobility or VMI) for the exclusive use of Voice Mobility’s unified communications (UC) cloud technology, including all intellectual property related to the UCN250 unified communications as a service (UCaaS) platform. Terms of the transaction included the issuance of AVST equity in exchange for a ten year exclusive license for VMI’s UCaaS technology and additional issuances of AVST equity in the future based upon AVST achieving certain revenue and distribution milestones with VMI’s UCaaS technology. AVST also has the right to purchase and VMI has the right to sell to AVST the VMI UCaaS technology.
The UCN250 is a highly scalable and reliable Linux and SIP-based UCaaS platform that will be integrated into AVST’s UC solutions portfolio. The VMI platform provides a public cloud-based UC offering and rounds out AVST’s industry leading premise-based UC solutions. “Cloud computing, along with distributed and hosted approaches are important topics of conversation within IT departments today. AVST’s strength lies in offering customers highly-flexible deployment options including premise-based, private cloud and public cloud solutions thereby addressing the market’s evolving UC requirements, ” according to Jim Burton, Founder and CEO of CT Link, LLC, co-founder UCStrategies.com.
According to AVST’s President & CEO, Hardy Myers, “It has been our intention for several years to deliver solutions that include cloud computing as part of our product strategy. The VMI UCN250 UCaaS platform is a strong compliment to our existing unified communications portfolio, which was further bolstered by our acquisition of Active Voice in April 2010. Our strategy has always been to provide customers with best of breed unified communications solutions that improve productivity, support mobility and transform business processes.”
AVST’s highly interoperable UC solutions include unified messaging, personal assistant, speech, fax and notification capabilities as well as its UCConnect® open development framework for the integration of communications with business processes.
Jay Hutton, Chairman and CEO of Voice Mobility, commented, “This partnership is intended to bring together industry leading technologies to ultimately improve the way companies communicate and collaborate. We believe that our technology is a natural fit for AVST and the combination of the two company’s solutions brings to market a complete solution set for AVST from premise-based to the public cloud. Now that this transaction has been completed, we look forward to working closely with AVST to create a secure, mobile-centric UC services portfolio for Voice Mobility’s customers.”
About Voice Mobility
Voice Mobility (voicemobility.com) develops and markets its unified communications product line to enterprise, campus and hosted customers. Voice Mobility’s product line includes highly scalable VoicE:, 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.
Applied Voice & Speech Technologies, Inc. (AVST.com) 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, voicE:, 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 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.