REVOLUTION PARTNERS
ADVISES LINGUATEQ
On July 31, 2001, Sonus Networks,
Inc. (Nasdaq: SONS), completed the purchase
of certain intellectual property and other
assets of privately-held Linguateq Incorporated,
a Delaware corporation, headquartered in
McLean, Virginia. Revolution Partners, LLC
acted as exclusive financial advisor to Linguateq.
Linguateq is a provider of data distribution
and billing application software for both
next generation and legacy networks. Linguateq's
patented technology interoperates with a
variety of hardware and software platforms
and is designed to reduce back office integration
time and provide rapid introduction of new
services and lower maintenance costs.
Sonus purchased these assets from Linquateq
and its secured creditors in exchange for
221,753 shares of Sonus common stock and
approximately $225,000 in cash. Pursuant
to a registration rights agreement entered
into by Sonus, Linguateq and these creditors,
Sonus has agreed to register the resale of
these shares by such parties under the Securities
Act of 1933.
Sonus has employed some of the former employees
of Linguateq, including Michael Peterson,
founder and chief technology officer and
will maintain an office in Virginia.
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