Vertel Consummates Expersoft Acquisition

TMN Leader Strengthens Its Portfolio of Integrated, Multi-Management Technology Based Solutions

Woodland Hills, CA,  March 22, 1999 – Vertel® (NASDAQ:VRTL), a leading supplier of telecommunications network management software, today announced that it has closed its acquisition of Expersoft Corporation, a pioneer in distributed object computing technologies, to support a new generation of "multi-management solutions." The operative documents were filed today with the California Secretary of State to effectuate the acquisition.

Multi-management solutions offer communication providers operations support systems (OSS) that address diverse elements, protocols, and configurations.  Vertel intends to aggressively participate in this emerging market.  The acquisition will be accounted for as a merger under the purchase method of accounting and is for total consideration of $3 million in cash.  Expersoft CEO William Atkinson will join Vertel’s senior management team as Senior Vice President of Worldwide Sales and Tom Greene as Vice President, Expersoft Engineering.  Vertel will continue to operate Expersoft’s facility in San Diego, Calif., and Expersoft’s team of about 30 engineers, professional services and technical support personnel will add to Vertel’s existing cache of engineering and R&D expertise.

The acquisition of Expersoft adds standards-based, high performance CORBA technology to Vertel’s portfolio of network management solutions for the telecommunications market.  Vertel intends to leverage this advanced object distribution technology, designed by Expersoft specifically for carrier-grade telecommunications applications, to extend its market focus to multi-management solutions.  With its expanded product suite, Vertel will be able to offer integrated solutions across all TMN levels, including embedded technology, where Expersoft’s highly optimized technologies will provide new options for intelligent agents, providing timely and cost effective interoperability features for network elements and element management systems. The acquisition greatly enhances Vertel’s ability to bring new products to market quickly to meet the growing customer demand for multi-management solutions.  The company plans to announce a new generation of object management solutions designed specifically for carrier grade OSS in early 2Q 1999.

“The merger with Expersoft strengthens Vertel as a multi-management technology company,” said Bruce Brown, President and CEO of Vertel.  “Standards-based, distributed object computing architectures are becoming the predominant management technology to achieve OSS automation and integration. Integrating Expersoft’s highly optimized object distribution technology into our application development products will set new standards for telecom network management and afford our customers the most robust, reliable and flexible management solutions on the market today.”

In addition to expanding Vertel’s solutions portfolio, the Expersoft merger also strengthens the company’s position as a solutions provider to the exploding IP telephony market. Expersoft’s ongoing relationship with Sprint ION, an industry leader in public IP telecommunications networks and services, gives Vertel greater access to the rapidly emerging IP telecommunications market, where the company will play a pivotal role in managing the connection between the enterprise and public IP telecom infrastructures.

A fundamental strength of Expersoft’s product architecture is plug and play support for multiple transport protocols and message formats.  The result is an ideal mechanism for integrating the many communications technologies and object models used in a telecommunications environment, including CORBA, Microsoft's DCOM, ATM, CMIP, IIOP, and others.  Expersoft's platform also supports popular programming languages.  The essence of multi-management solutions is support for this kind of diversity in a robust and scalable environment.

“Having a protocol-independent platform is critical to the continued success of our partnerships with major software developers, such as Microsoft,” said Brown.  “With Expersoft, we have a forward thinking solution set that will offer maximum performance and flexibility for carrier grade object management across several platforms.”

About Vertel Corporation

Vertel is a leading provider of telecom network management software and solutions that support multiple management technologies. These solutions provide public and IP network operations support systems (OSS) infrastructures the key components required for end-to-end network and service management with carrier-grade quality of service. Vertel delivers telecom management solutions worldwide to service providers, network operators, telecom equipment manufacturers, independent software vendors and systems integrators. Vertel also delivers turnkey management applications that fit individual customer requirements through their Professional Services Organization. The Company is based in Woodland Hills, California and has sales offices throughout the world.
 

CONTACT VERTEL:

For corporate information:

Vicki Vaughn
(818) 227-1456
email: vicki-vaughn@vertel.com

For product information:

Darrin Stone
(818) 227-1451
email: darrin-stone@vertel.com
 

For investor relations:

Jill Fukuhara, Financial Relations Board
(310) 442-0599
email: jsf@la.frb.com
 

Vertel is a registered trademark of Vertel. All other trademarks are the property of their respective owners.



"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 development, introduction and success of new and enhanced products in existing and new markets, the acceptance of new technologies, the impact of competitive products and technologies, pricing, currency exchange risks, governmental and regulatory developments, and other risks detailed from time to time in public disclosure filings with the U.S. Securities and Exchange Commission (SEC) by Vertel.
 
 

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