Inteliquent Expands Its Omni Offering Through Acquisition of Shopety, Inc.
May 18 2016 - 7:00AM
Inteliquent, Inc. (NASDAQ:IQNT), the nation’s premier voice and
messaging interconnection partner for communications service
providers of all types, announced today that it has acquired
Shopety, Inc. d/b/a Better Voice, a developer of communications
software and next generation switching technologies. The
acquired technologies expand the capabilities and addressable
market of Inteliquent’s Omni product line.
“We developed Omni to simplify the integration of our voice and
messaging services into our customers’ product portfolio,” said
Brett Scorza, Inteliquent’s CIO and EVP of Product Development.
“With the acquisition of a robust next generation software and
switching platform, plus the talented developers joining
Inteliquent as part of the transaction, Omni further simplifies
customer access to our communications services.”
With the software and technology acquisition, and planned
further development of the next generation software and switching
platform, Inteliquent will be enhancing its Omni product line with
a range of new features, functionality and interface options.
Omni, launched at the 2016 INCOMPAS show in April, is a
comprehensive voice and messaging solution for the next generation
telecommunications service provider market. The Omni product line
enables communication providers to use Inteliquent services to
power their solutions easily and efficiently.
Omni equips next generation communications service providers
with single source access to message-enabled telephone numbers and
the delivery of all of a customer’s inbound and outbound voice
calls and text messages to or from those telephone numbers.
Inteliquent’s offer is available using the market’s most
user-friendly web portal and APIs for seamless integration and
automation. Omni’s voice and messaging reach to and from the public
networks, coupled with Inteliquent’s high quality network, provides
an unparalleled quality of service for the next generation service
provider sector.
“We are excited with the reception of Omni by our customers, and
with this acquisition, Inteliquent is well positioned to meet the
evolving needs of this dynamic market,” said Alissa Clousing,
Inteliquent’s VP of Product. “Expanding Omni is a key aspect of our
“Growth Forward” plan that increases our addressable market by
allowing more customers to use Inteliquent’s services.”
About InteliquentInteliquent is
a premier interconnection partner for communication service
providers of all types. As the nation’s highest quality
provider of voice and messaging interconnection services,
Inteliquent is used by nearly all national and regional wireless
carriers, cable companies, and CLECs in the markets it serves, and
its network carries approximately 17 billion minutes of traffic per
month. With the recent launch of its Omni solution, Inteliquent is
now also fully dedicated to supporting the growing market of next
generation service providers. Please visit Inteliquent’s
website at WWW.INTELIQUENT.COM and follow us on Twitter
@Inteliquent.
Cautionary Statement Regarding
Forward-Looking StatementsThis press release
contains “forward-looking statements” that involve substantial
risks and uncertainties. All statements, other than statements of
historical fact, included in this press release are forward-looking
statements. The words “anticipates,” “believes,” “efforts,”
“expects,” “estimates,” “projects,” “proposed,” “plans,” “intends,”
“may,” “will,” “would,” and similar expressions are intended to
identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Actual
results or events could differ materially from the plans,
intentions and expectations disclosed in the forward-looking
statements we make. Factors that might cause such differences
include, but are not limited to: our ability to market the Omni
voice and messaging solution, including the risk that the service
will not meet our targets for revenue or profitability, including
EBITDA and Adjusted EBITDA; the risk that our costs to provide the
Omni voice and messaging solution will be higher than we expect;
the effects of competition and downward pricing pressure resulting
from such competition; the impact of current and future regulation,
including rules or regulations enacted by the Federal
Communications Commission; the risks associated with our
ability to successfully develop and market other new services, many
of which are beyond our control; technological developments; the
ability to obtain and protect intellectual property rights; and
other important factors included in our reports filed with the
Securities and Exchange Commission, particularly in the “Risk
Factors” section of our Annual Report on Form 10-K for the period
ended December 31, 2015, as such Risk Factors may be updated
from time to time in subsequent reports. Furthermore, such
forward-looking statements speak only as of the date of this press
release. We undertake no obligation to update any forward-looking
statements to reflect events or circumstances after the date of
such statements.
Media Contact:
Tabitha Long
1+ 312.384.8018
tlong@inteliquent.com
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