ATLANTA, March 13, 2008 (PRIME NEWSWIRE) -- Verso Technologies, Inc. (Nasdaq:VRSO), a global provider of next generation network solutions, announced today that it has appointed Steve Langion to the position of Senior Vice President and General Manager of both the Softswitch and Access business units, representing technologies that have accounted for approximately 50% of Verso's revenues. In this capacity, Langion will be responsible for managing Verso's VCLEAR(tm) VoIP, iMarc(r), Verilink(r), and I-Master(r) product lines.
Prior to this appointment, Langion was Verso's Senior Vice President of Engineering. He began his career at Bell Labs after graduating with a Masters degree in Computer Science from the University of Southern California and a Bachelors degree in Computer Science from the Polytechnic Institute of New York. After Bell Labs, Langion worked for Evolving Systems, Inc. managing the business unit that developed first generation wireless data switching products for Lucent. He later founded a technology company that was acquired by Clarent Corporation. After that acquisition, Langion became Vice President of Engineering for Clarent until Verso acquired Clarent in 2003.
"Steve is one of our hardest working and most skilled senior engineers and management talents. He is also highly regarded in the Softswitch business," said Mark Dunaway, President and Chief Operating Officer of Verso. "Our new organizational structure allows the business unit heads to focus their energy on the processes and procedures necessary to gain scale. Steve will work closely with sales and marketing to deliver the expected results from these two important business units."
"Verso's wide array of VoIP switching, access and service assurance products offers carriers the ability to select from pre-integrated, bundled VoIP switching packages or to create unique configurations specifically tailored for their needs by utilizing individual product offerings," said Langion. "Our VoIP service assurance products are particularly exciting as VoIP deployments become more wide-scale and complex. Devices that monitor, measure, test, and verify service levels will become increasingly critical components of these networks for providers to proactively meet demanding customer expectations."
Forward Looking Statements
Certain statements contained in this release that are not statements of historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "intend," "will," and similar expressions are examples of words that identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding our future financial position, timing of future orders, business strategy and expected cost savings. These forward-looking statements are based on our current beliefs, as well as assumptions we have made based upon information currently available to us. These forward-looking statements may be affected by the risks and uncertainties in our business and are qualified in their entirety by the cautionary statements and risk factor disclosure contained in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2006 and our quarterly reports on Form 10-Q filed subsequent thereto. We do not assume, and expressly disclaim, any obligation to update these forward-looking statements.
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. Verso's VCLEAR(tm) VoIP products have been created from inception to be Pure IP. For more information, contact Verso at www.verso.com or call 678.589.3500.