IntelliNet Buys Azaire Assets

IntelliNet Technologies has acquired the assets of Azaire Networks Inc., a Santa Clara, Calif.-based provider of I-WLAN solutions for mobile operators. No financial terms were disclosed. Azaire had raised over $40 million in VC funding from firms like Rustic Canyon Partners, Woodside Fund, Convergence Partners and Investor Growth Capital.

PRESS RELEASE

IntelliNet Technologies today announced that it has acquired the assets of Azaire Networks Inc. The deal significantly strengthens the company's position in the expanding Fixed Mobile Convergence (FMC) marketplace by adding to its already established portfolio of technology and product offerings. This acquisition provides IntelliNet with the entire suite of Azaire mobility products, software, company trademarks and intellectual property. Financial terms of the transaction were not disclosed.

Azaire Networks, a leading provider of IP converged network platforms for broadband mobility, delivers carrier-class network elements for the converging telecom and data networks. The privately-held company based in Santa Clara, CA. provides solutions which include a mobility gateway for broadband IP, a mobile security gateway, a AAA server for 3GPP IMS networks and a voice call continuity (VCC) server for handing off voice calls between fixed and mobile networks. These solutions allow the authentication and seamless handling of voice and data calls across the mobile network and fixed locations, such as Wi-Fi hot spots and femtocell home base stations. The Azaire products have been purchased by or are in trials at some of the world's leading mobile network operators including Orange in France, T-Mobile in Germany, Rogers Wireless in Canada, Mobilkom in Austria, and Chungwha Telecom in Taiwan.

“We welcome Azaire's customers and partners with a strong commitment for support,” said Anjan Ghosal, president and CEO of IntelliNet Technologies.  “We will be advancing the product line with new features and capabilities to help them launch new revenue generating services.”

The push for broadband mobility is continuing to fuel the convergence in the networks for voice and rich data services. The Azaire solution set enhances the IntelliNet product portfolio with solutions in the UMA, I-WLAN, Femtocell, WiMAX and emerging LTE technologies.

“The Azaire solutions augment our convergence products and bring immense value to our customer base of top tier telecom equipment vendors,” added Mr. Ghosal. “This acquisition is a part of our strategic growth and we look forward to working with OEM partners so we can grow this business to its full potential.”

“The addition of Azaire's I-WLAN and UMA solution to IntelliNet's existing femtocell offering results in a very flexible and attractive proposition,” said Zaheer Allam, Azaire Network's co-founder and vice president of engineering. “IntelliNet now has a unique FMC offering and is well positioned to realize the vision of Azaire Networks. The management team extends its full support to IntelliNet in this transition.”

IntelliNet will be exhibiting at Femtocells Europe 2008 being held in London from June 23 through June 25 where the convergence solutions of the combined product families will be featured.

About IntelliNet Technologies
IntelliNet Technologies provides network convergence technology and solutions to accelerate the deployment of next generation applications and services.  We work with the telecom industry's leading network equipment providers and network operators to deliver high performance solutions customized for their needs. We offer broad applications coverage including core network technology enablers and protocols for mobility, messaging, location, charging and policy. Our convergence solutions extend to the femtocell gateway, IMS service orchestration and signaling gateways. Headquartered in Melbourne, Florida with development offices in Bangalore, India and Naperville, Illinois, IntelliNet solutions leverage technical excellence and intellectual property across legacy and next generation applications to shorten time-to-market, reduce costs, increase flexibility and minimize risk. For more information please visit: http://www.intellinet-tech.com