AVST Completes Exclusive Long-Term Agreement with Voice Mobility International for Unified Communications Cloud Technology
FOOTHILL RANCH, Calif., February 1, 2011 – 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,
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 develops and markets its unified communications product line to enterprise, campus and hosted customers. Voice Mobility’s product line includes highly scalable Voicemail, 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. For more information, please visit www.voicemobility.com.
With more than 30 years of continuous innovation, Applied Voice & Speech Technologies, Inc. (AVST) is a trusted developer of software-based Unified Communications (UC) solutions for businesses of all sizes.
Our mission is to develop communications solutions that transform the productivity of individual workers, teams and businesses while leveraging the value of their existing and evolving IT infrastructure.
Thousands of businesses worldwide rely on AVST to meet their "mission-critical" communications requirements today, align their business with key trends and, with the world-class interoperability and delivery models of AVST's UC solutions, provide a bridge to their digital future.
Headquartered in Orange County, California, AVST maintains facilities in Seattle, Washington, Victoria B.C., Canada and the United Kingdom and has remote sales offices throughout the United States. AVST's UC solutions are sold and supported worldwide by an extensive network of resellers and OEM partners. To learn more about AVST, our products and partners, please visit www.avst.com or you can follow us at Twitter, Facebook or LinkedIn.