Covista and IceHook Announce Definitive Agreement for Sale of RouteNGN(TM)
June 27 2012 - 8:01AM
Marketwired
IceHook Systems Corp, a leading provider of data management
applications for telecommunications service providers, today
announced that it has completed a purchase agreement with Covista
Communications (OTCBB: CVST) for all intellectual property, service
and trademarks associated with the RouteNGN call routing software.
The purchase, for which the terms were not released, allows
IceHook to build upon its current product portfolio that includes
Call Detail Record (CDR) and Rate Management while allowing Covista
to continue offering the RouteNGN as a service to its existing
carrier customers through its General Telecom division. IceHook
plans to continue to build upon the RouteNGN's already
industry-leading call handling prowess by incorporating advanced
rate management and call-reporting capabilities.
"We are very pleased to finalize this important transaction. It
allows us to capitalize on the advanced market and network
intelligence from our existing products. We look forward to
leveraging that intelligence into real-time session management,"
stated Randy Weinberger, President of IceHook.
Warren Feldman, Chairman and CEO of Covista Communications,
said, "Working with IceHook on this transaction will allow Covista
to focus on our long term goals of providing world-class hosted
telecom services to enterprise and wholesale clients."
The two companies will maintain a close relationship for this
exceptional service during the expected seamless transition, with
Covista continuing to provide for its existing RouteNGN clients,
while IceHook will deliver for all new clients.
About IceHook Systems IceHook Systems is a
leading software provider to the telecommunications industry.
IceHook enables its carrier customers to manage, analyze and report
on large volumes of data such as Call Detail Records (CDRs) in a
cloud-computing environment to increase reliability, security and
scalability while reducing costs. IceHook Systems is headquartered
in New York City.
About Covista Communications, Inc. Covista
Communications, Inc. (OTCBB: CVST) (http://www.covista.com) is a
leading provider of cloud communications, switched and dedicated
voice services. Its portfolio of residential and B2B solutions
includes affordable Internet phone services ("VoIP" or Voice over
IP), hosted communications and traditional phone services. Covista
is uniquely positioned: a real phone company providing everything
cloud. Nearly thirty years old, the Company has built its
reputation by offering best-price, best technology products and
services, backed by a commitment to real-human customer support.
Covista services residential customers, small to medium sized
businesses, and distributed enterprise organizations.
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Contact Info IceHook Systems Corp http://www.icehook.com
Email Contact +1-212-222-6263 iMiller Public Relations for IceHook
Media Inquiries Email Contact @iMIllerPR Covista Communications,
Inc. http://www.covista.com Jackie Barry 423 648-9700 x 9760
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