Monday, February 4, 2008

CounterPath Acquires BridgePort Networks for FMC

CounterPath, which supplies desktop and mobile VoIP software, has acquired BridgePort Networks, a developer of Fixed Mobile Convergence (FMC) solutions for service providers. Financial terms were not disclosed.

BridgePort offers a Session Initiation Protocol (SIP) open standards-based approach to FMC that creates a seamless union between mobile and broadband networks, allowing users to benefit from numerous advantages such as single number identity regardless of the network they use. BridgePort's portfolio include a MobileSTICK product for supporting SIP-based voice, SMS, Multimedia Messaging Services (MMS) and video services, and the NomadicONE Network Convergence Gateway (NCG) along with the NomadicONE IMS Convergence Server (ICS). The company has eighteen patents either pending or granted. Since 2002, over $50 million has been invested in the development and initial marketing of BridgePort's intellectual property assets.

"We are rapidly executing on the new strategy and vision that started with our acquisition of NewHeights Software, that is, to transform CounterPath from a leading desktop softphone company to an innovative 'one stop shop' VoIP solutions company," said Greg Pelling, Chief Executive Officer of CounterPath. "Our acquisition of BridgePort Networks builds on the value of our most recent acquisition of FirstHand Technologies, a leader in Enterprise FMC. By adding BridgePort's unique carrier-class FMC offerings, we now become the industry innovation leader for service providers, enterprises, small and medium businesses and consumers as the only company offering a tailored platform that seamlessly bridges voice, text messaging, multimedia, video and presence-based applications between virtually any networks - fixed or mobile. Our management team's unique approach to successfully identify, acquire and integrate companies allows us to rapidly execute on CounterPath's strategy and increase shareholder value while establishing ourselves as a trusted innovator to our growing list of strategic clients."

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