ATLANTA, Feb. 19, 2008 (PRIME NEWSWIRE) -- Verso Technologies, Inc. (Nasdaq:VRSO), a global provider of next generation network solutions, announced today that it has signed a worldwide reseller agreement with Nortel (NYSE:NT). The agreement enables Nortel to sell Verso products worldwide and includes provisions for Verso to provide product installation, support, maintenance, and other services to Nortel and its customers.
"Verso has several products designed to optimize and enhance VoIP over WiMAX capabilities," said Steve Odom, Verso's chairman and chief executive officer. "We have completed a rigorous testing process with Nortel and our global sales team has been working towards this day for some time. I'm pleased to announce that Nortel has decided to begin using Verso products to further enhance their WiMAX offering."
Verso can help Nortel lower the cost of ownership of end to end voice over WiMAX solutions by enabling a fully integrated converged billing solution for both voice and WiMAX services. The solution uses the Verso Vclear Application Server -- in conjunction with Nortel's next generation Communication Server 2000 IP softswitch -- to deliver pre-paid voice services over any access technology, including Nortel's innovative WiMAX solution.
"This agreement and relationship is validation of our strategy to partner with the highest quality organizations to serve the emerging WiMAX market," said Mark Dunaway, Verso's president and chief operating officer. "This agreement comes along with a purchase order and allows for Verso to expand our relationship with Nortel over time as we continue to work closely with them and serve their needs. This is yet another example of Verso solutions adding value to WiMAX network infrastructure manufacturers and service providers."
About Verso Technologies
Verso is a global provider of next generation network solutions offering a core-to-edge product portfolio primarily for telecommunications service providers. The company's products enable its customers to secure and optimize network bandwidth, generate additional revenue and reduce costs. Verso's applications and services are cost effective, deploy quickly and provide a superior return on investment. For more information, contact Verso at www.verso.com or call 678.589.3500.
Forward-Looking Statements
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