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July 26, 2010

VMI Enters Into LOI to Sell SaaS Technology to Applied Voice and Speech

By Anil Sharma, TMCnet Contributor

Voice Mobility International, Inc. (VMI has entered into a letter of intent to sell certain assets to Applied Voice & Speech Technologies, Inc. (AVST), a developer of Unified Communications solutions.

Officials with Voice Mobility (News - Alert) said that the principal assets being sold in this transaction are the company’s UCN250 software as a service (SaaS) platform and all related technology and customers. Terms of the transaction were not disclosed.

Company officials said that the UCN250 is a highly scalable and reliable Linux and SIP-based SaaS platform that will be integrated into AVST’s (News - Alert) unified communications (UC) solution portfolio to accelerate AVST’s ability to address the evolving communications requirements of current and future AVST customers.

“This partnership constitutes a critical part of the restructuring of Voice Mobility and the realignment of our strategic focus. Our partnership with AVST extends beyond today’s announced technology acquisition and is expected to be long-term in nature as Voice Mobility prepares to launch a suite of secure cloud-based UC services that will be sold directly into the SMB market,” said Jay Hutton, chairman and CEO of Voice Mobility in a statement.

Hutton said that the company is excited to collaborate with AVST as VMI’s UC solutions partner leveraging the UCN250 SaaS (News - Alert) platform to create a secure, mobile-centric UC services portfolio.

“We will develop this offering in close consultation with AVST and expect to work together in taking it to market,” he said.

“We believe that this long-term strategic technology partnership with AVST will enable us to bring UC solutions to market more expeditiously than we might otherwise on our own,” said Hutton.

Hardy Myers (News - Alert), president and CEO, AVST said that the acquisition of VMI’s UCN250 technology fits perfectly with the company’s strategic objective to be an industry leader in delivering best of breed and highly-interoperable premise-based, hybrid and cloud-based UC solutions.

Anil Sharma is a contributing editor for TMCnet. To read more of Anil’s articles, please visit his columnist page.

Edited by Erin Harrison

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