GENBAND and PT (formerly Performance Technologies) announced a multi-faceted development agreement under which PT will provide GENBAND with development, support and maintenance of signaling solutions as integral elements of GENBAND’s premier switching portfolio. In addition, PT has acquired specific signaling assets from GENBAND that include the Universal Signaling Point (USP) and SP2000 products and related intellectual property rights.
“Both GENBAND and PT are leaders in IP-based technology, and we welcome them as a strategic partner,” said John Slusser, President and CEO of PT. “GENBAND’s purchase of Nortel’s switching assets has preserved many years of respected research and development, which included significant advancements in signaling. Now we blend that with over thirty years of PT’s innovation and expertise. This partnership positions both companies to offer the greatest possible signaling value and performance to our carrier customers.”http://www.genband.com http://www.pt.com
