Wednesday, August 1, 2007

SS8 Networks Divests Signaling and SMS business to Skyview Capital

SS8 Networks has sold its signaling and SMS businesses to NewNet Communication Technologies, a limited liability company formed by Skyview Capital, for an undisclosed sum. According to the terms of the deal, the Signaling and SMS businesses, which include a core team of SS8 Networks employees, will transition to NewNet Communication Technologies. This new independence will enable an increased focus on customer service, product line development and product deployment in the SMS and signaling sector.

SS8 Networks said the deal will enable it to focus on its core lawful intercept and voice messaging business.

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