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 Mergers and Acquisitions

Telesoft Technologies Acquires Think Engine Networks

5 weeks 1 day away
(EMBARGOED)  

Blandford, England, 17th March, 2008 - Telesoft Technologies today announced it has acquired certain assets of Think Engine Networks (TEN) including the intellectual property rights to the renowned MCIAS announcement server and CX Network Exchange media server product lines.

Bruce Markham, CEO, Telesoft Technologies, said, "We are very pleased to have finalized an agreement on this matter and are keen to provide support to many of the former TEN and Cognitronics’ customers through our newly acquired Danbury, Connecticut office, offering a ‘business-as-usual’ approach.

This acquisition complements our existing OKEFORD family of Next Generation Media Platforms and strengthens our ability to enable major US-based mobile, wireline and cable operators, as well as leading OEMs, to migrate to next generation networks at minimal cost.”

About Telesoft Technologies Ltd:

For more than 20 years the world’s leading fixed and mobile operators, OEMs and application developers have relied on our signalling, media and monitoring platforms. They continue to depend on our technology to deliver revenue and non-revenue generating solutions for GSM, CDMA and next generation mobile and converged networks in areas such as fraud, billing, media services, roaming and homeland security & intelligence.

Headquartered in the UK and founded in 1989, Telesoft Technologies also has regional sales and support offices in Atlanta (USA), Danbury (USA) and Delhi (India).

As networks evolve our experience in real-world deployments coupled with our engineering prowess and financial stability ensures we are the partner you can rely on. More information is available at www.telesoft-technologies.com.

About Think Engine Networks Inc

Think Engine Networks was a leading provider of TDM and IP media servers to major US fixed and cable operators for more than 20 years.

It’s NEBS3 compliant MCIAS announcement servers and CX Exchange Network Media Servers, are a cost-effective and highly scalable family of carrier-class media server platforms with proven interoperability with the leading switch vendors. They deliver advanced network media solutions in VoIP networks as well as in traditional AIN and TDM circuit switched and mixed network environments.

Cognitronics Corp acquired ThinkEngine in 2005, and subsequently traded under the name Think Engine Networks.

For press enquiries please contact:

Tim Daniels (Telesoft Technologies) Product Marketing Manager

Tel: +44 1258 486 518

Email: tdaniels@telesoft-technologies.com

For sales enquiries please contact:

John Green – VP Sales & Operations

Tel: +1 770 454 6001

Email: salesusa@telesoft-technologies.com