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Veraz Networks and LS Cable Team Up to Deliver Quad Play Service SolutionsSAN JOSE, Calif. --(Business Wire)-- Veraz Networks (News - Alert), Inc., (NASDAQ:VRAZ) the leading provider of Multimedia Generation Network application, control, and bandwidth optimization products, today announced its partnership with LS Cable (News - Alert) of Korea to develop Quadruple Play Service (QPS) solutions for service providers in emerging markets. As part of the agreement, LS Cable will now deploy Veraz's world-class ControlSwitch™ VoIP switching platform to deliver improved interconnection, enhanced security and reduced OPEX (News - Alert). LS Cable and Veraz are actively working together to deploy the QPS solution with a service provider customer. LS Cable's QPS solution provides voice, data, video, and mobile services over a converged infrastructure, resulting in increased profitability and convenience for both the service provider and its customers. The LS Cable solution includes innovative improvement over existing Wi-Fi technology and is currently being deployed. Veraz will also license its ControlSwitch Class 5 (C5) software to enhance LS Cable's QPS system to support full session control with an integrated C5/IMS base core. "LS Cable was looking for a partner to match our QPS access solutions and we believe that Veraz is the perfect match," said Dong Young Kim, Senior Vice President -- Solution Business Group President at LS Cable. "Veraz's strength in VoIP switching as well as its expertise within the emerging markets complements LS Cable's strategy and direction." "We are extremely pleased to match the strengths of our ControlSwitch with LS Cable's QPS solution," said Dawn Hogh, Vice President, Marketing for Veraz Networks. "LS Cable has an industry leading QPS solution and we believe the partnership will strongly benefit both companies as well as our customers." About Veraz Networks, Inc. (NASDAQ: VRAZ) Veraz Networks, Inc. (NASDAQ: VRAZ), is the leading provider of application, control, and bandwidth optimization products that enable the evolution to the Multimedia Generation Network (MGN). Service providers worldwide use the Veraz MGN portfolio to extend their current application suite and rapidly add customized multimedia services that drive revenue and ensure customer retention. The Veraz MGN separates the control, media, and application layers while unifying management of the network, thereby increasing service provider operating efficiency. Wireline and wireless service providers in over 50 countries have deployed products from the Veraz MGN portfolio, which includes the ControlSwitch™, Network-adaptive Border Controller, I-Gate 4000 Media Gateways, the VerazView Management System, and a set of prepackaged applications. Please visit www.veraznetworks.com. 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, LS Cable purchases of ControlSwitch products and services and any joint deployments by LS Cable and Veraz, 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 for the year ended December 31, 2008, 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 |
