Voice Mobility and AVST Sign License Agreement for UC Cloud Technology
Voice Mobility International, a developer of unified communications, completed signing a 10-year license agreement with Applied Voice & Speech Technologies (AVST), a developer of Unified Communications solutions, a press release stated.
AVST now has the exclusive rights to use Voice Mobility’s UC Cloud technology including the UCN250 unified communications as a service ("UCaaS") platform.
AVST had to issue 4.5 percent of its outstanding equity in the form of preferred shares to close this agreement and it will also have to issue a 1 percent equity share when the agreement reaches past half its tenure. By issuing an additional 1 percent Equity Share and an additional 2.25 percent Equity Share subject to revenue milestones and 2.25 percent Equity Share subject to the execution of long-term distribution agreements, AVST will get the right to buy the tech and Voice Mobility will have the right to sell it.
According to Voice Mobility, its UCN 250 is a highly scalable Linux based, voicemail and unified messaging solution built for carrier, mid to large size enterprise, government and campus environments. It provides a robust seamless migration path from Octel and other legacy systems on a platform that can grow along with users’ needs.
Voice Mobility asserted that this deal with AVST strengthens its balance sheet and is part of its plan to close several service provider acquisitions in the coming weeks and months. AVST is one of the leaders in UC marketplace and Voice Mobility, and is particularly pleased to have made a long-term relationship with it. The company’s technology is a natural fit for AVST and the combination of the two company's solutions brings to market a complete solution set for AVST from premise-based to the public cloud.
AVST claimed that it has been one of its objectives to deliver solutions that include cloud computing as part of its product strategy. The UCN 250 UCaaS platform is a strong compliment to AVST’s existing unified communications portfolio. Its strategy has always been to provide customers with best of breed unified communications solutions that improve productivity, support mobility and transform business processes.
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Nathesh is a contributing editor for unified communications. To read more of Nathesh's articles, please visit his columnist page.
Edited by Jamie Epstein