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Woodland
Hills, Calif., June 29, 2000 – Vertel® (NASDAQ: VRTL), a leading provider of mediation software for telecommunications networks, today announced the appointment of Toni Graham to the position of Vice President Research & Development and Professional Services Unit. In this capacity, Graham will oversee all research and development for the company and will also supervise the Professional Services Team. Graham is assuming the position that was recently vacated by Cyrus Irani upon his appointment to the position of President and Chief Operating Officer for Vertel. She will report directly to Irani and will be a member of the Vertel management team.
Graham brings over 20 years of experience in technical development and management to Vertel. Previously, she held a variety of network/telecommunications development and management positions at Hewlett-Packard, including worldwide R&D manager for software licenses of TMN element management and CORBA-based network management products, as well as customized solutions for telecom service providers. In more than 20 years with HP, she managed several businesses within the company that ranged in scope from $3M to $15M in annual revenue and was directly accountable for all aspects of those businesses including Marketing, R&D and Manufacturing. She has experience with both small local teams and large distributed teams.
"Vertel is well positioned to contribute to the metamorphosis of the telecommunications industry. I look forward to being a part of the team that capitalizes on the opportunity," said Graham.
"We believe that Toni's extensive background and expertise in commercial software and R&D management at Hewlett-Packard will enable us to continue with our mission to rapidly deploy the leading edge technology solutions which our customers demand," said Irani.
"In addition to her background in R&D management, her broad management background in strategic planning, quality assurance and operations while at HP will be extremely valuable in continuing to build Vertel into a world-class organization," said Bruce Brown, Chairman and CEO of Vertel.
Graham earned her Bachelors of Science in Electrical Engineering at California State Polytechnic University in Pomona and her Masters of Science in Computer Sciences from California State University at Chico. Additionally, she was selected to participate in the Stanford Alumnus Business Management Program. She also served for four years on the Board of Trustees of the Telecommunications Forum where she held an officer position for the last two years.
About Vertel
Vertel is a leading provider of mediation software for telecommunications networks, enabling such devices as cellular phones to become an integral, intelligent part of a company's network topology. The company's pioneering mediation software, e*ORB(TM) is being adopted by top telecommunications, e-business and manufacturing companies. Vertel offers a variety of technologies and applications, supporting end-to-end network, and service management with the highest quality of service for network operations. Vertel solutions are deployed worldwide by service providers, network operators, software vendors and systems integrators. Vertel also develops turnkey management applications that fit individual customer requirements through its Professional Services Unit. The company is based in Woodland Hills, and has sales offices throughout the world.
For more information on Vertel or its products, contact Vertel at 21300 Victory Blvd., Suite 700, Woodland Hills, Calif. 91367; telephone: 818/227-1400; fax: 818/598-0047 or visit the Vertel Web site at
http://www.vertel.com.
"Safe Harbor" Statements under the Private Securities Litigation Reform Act of 1995: Except for the historical information presented, the matters discussed in this news release are forward-looking statements. These statements should be evaluated together with the many risks and uncertainties that affect our business, including timely and successful development of products and technologies; successful introduction and customer acceptance of new and enhanced products and technologies in existing and new markets; the possibility that delays or difficulties will arise in implementing complex products and technologies and enabling them to work successfully with other complex products and technologies; the possible development and introduction of competitive products and new and alternative technologies; pricing, currency and exchange risks; governmental and regulatory developments affecting Vertel and its customers; the ability to identify, conclude, and integrate acquisitions on a timely basis; the ability to retain and attract key personnel; and other risks and uncertainties detailed from time to time in public disclosure filings with the U.S. Securities and Exchange Commission (SEC) by Vertel, including, but not limited to, the Annual Report on Form 10-K for the year ended Dec. 31, 1999 and on Form 10-Q for the quarter ended March 31, 2000. . Vertel undertakes no obligation to obligation to update forward-looking statements made in this release to reflect events or circumstances after the date of this statement.
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