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Woodland Hills,
Calif., November 16, 1999 – Vertel® (NASDAQ: VRTL), a
leading provider of management solutions for telecommunications
networks, today announced a contract award from LibanCell, a
leading Middle East wireless service provider, to build a
state-of-the-art billing data collection and processing
application. Vertel’s custom billing solution will support
LibanCell’s expanding GSM wireless network. The contract
represents Vertel’s entry into the burgeoning Middle East
wireless market. Work on the project is expected to be
complete in December 1999.
The LibanCell project
is the one of several contracts Vertel has won this year in which
the company has combined its standards-based technology and
professional consulting services to develop innovative solutions
geared towards emerging telecommunications markets. “LibanCell
selected Vertel based on three factors: our high performance,
standards-based technology, our deep experience in telecom systems
and our solid reputation,” said Bruce Brown, president and CEO
of Vertel. “The recent successes we’ve enjoyed in the
international wireless arena are indicative of Vertel’s ability
to provide new solutions for new markets.” Vertel’s
recent projects include network management, mediation and
customized solutions for both wireless and wireline equipment
manufacturers and service providers worldwide.
The Vertel billing
data collection and processing solution will be developed by the
company’s Professional Services Unit (PSU) using Vertel’s TMN
Access branded File Transfer, Access and Management (FTAM)
platform. Vertel will develop and install an FTAM/FTP (File
Transfer Protocol) Gateway running under Microsoft’s Windows NT
operating system. The FTAM/FTP gateway will allow LibanCell
to automatically collect and transfer call detail record (CDR)
information from their message switching centers into their
billing system for processing without operator interaction.
Based on industry accepted standards, Vertel’s TMN Access FTAM
product supports seamless, uninterrupted file transfers between
systems on an open computer network. Vertel’s PSU will
optimize the core technology to meet the specific file transfer
and management requirements of LibanCell's CDR and bill processing
systems.
The FTAM Gateway
project is the first of a number of projects Vertel expects to
undertake for LibanCell as the two companies forge an ongoing
business relationship. The project holds significant benefits for
both parties, as well as for the telecom community in general.
LibanCell will receive the benefit of Vertel’s expertise in
standards, protocols, application development and evolutionary
management platform design as the company expands its wireless
offerings. Existing and future Vertel customers will benefit from
yet another new application available in Vertel’s substantial
portfolio of technology solutions for telecom network management.
Today, Vertel
solutions play an integral role in the network management systems
developed and deployed by nearly 300 telecom companies worldwide.
Vertel’s PSU has assisted over 50 telecom equipment suppliers
and service providers to integrate standards-based technology into
their network management platforms. “Our experience in
translating complex telecom standards into effective software
solutions has been the foundation of our position as a leading
global telecom solutions provider,” said Brown. “The
inherent value of Vertel’s technology and expertise is that it
allows telecom manufacturers and service providers to implement
standards-based interfaces easily and cost effectively throughout
their networks, making them more efficient, more competitive and
ultimately more profitable.”
About Vertel Corporation
Vertel is a leading global provider of carrier-grade, broadband
Internet software infrastructure and management solutions. Vertel
offers a wide range of technologies and applications, supporting
end-to-end network and service management with the highest quality
of service for network operations. Vertel’s solutions are
deployed worldwide by service providers, network operators,
software vendors, and systems integrators. Vertel also delivers
turnkey management applications that fit individual customer
requirements through its Professional Services Unit. The company
is based in Woodland Hills, California and has sales offices
throughout the world. Contact Vertel on the World Wide Web 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 that involve risks and
uncertainties, 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 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 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 December 31, 1998 and the Quarterly Report
on Form 10-Q for the quarter ended June 30, 1999.
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