Artisoft Changes Name to Vertical Communications
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Jan. 11, 2005--Artisoft,
Inc. (ASFTE.OB), a leading provider of next-generation, IP-based
phone systems for small, large and distributed businesses, announced
today that the company has changed its name to Vertical Communications,
Inc. The adjustment reflects the company's strategic vision to
meet the demands of the growing business communications market.
In connection with this name change, the company has changed its
website to www.vertical.com.
"The new name more accurately represents the Company's focus
on providing next-generation communications systems to businesses
across several vertical markets, and will also enable the company
to leverage its brand-building investments," said Vertical's
chairman and CEO, William Y. Tauscher.
Artisoft is a leader in IP-PBX software and systems for small
businesses. Vertical Networks, which Artisoft acquired in September
of 2004, is a provider of IP-PBX systems for large, distributed
enterprises. The Artisoft acquisition of Vertical Networks has
brought together two IP-PBX companies, with established product
offerings and a significant base of installed customers, under
one roof. The new name more accurately represents Vertical's next-generation,
IP-based phone system offerings and will also enable the company
to leverage its brand-building investments.
About Vertical
Vertical Communications, Inc. is a leading provider of next-generation
IP-based voice and data communications systems for business. Vertical
combines voice and data technologies with business process understanding
to deliver integrated IP-PBX and application solutions that enhance
customer service and business productivity. Vertical's customers
are leading companies of all sizes -- from small to large and distributed
-- and include CVS/pharmacy, Household International, and Apria
Healthcare. Vertical is headquartered in Cambridge, Massachusetts
and delivers its solutions through a worldwide network of systems
integrators, resellers and distributors. Visit http://www.vertical.com for more information.
"Safe Harbor" Statement under
the Private Securities Litigation Reform Act of 1995.
Statements regarding the growth of the
communications market, the execution of our current business
strategy, the potential benefits
of our name change and our ability to leverage our brand-building
investments, our ability to provide products and services that
enhance customer service and business productivity, the benefits
of our September 2004 acquisition of the business assets of Vertical
Networks, Inc., as well as other statements that are not historical
facts are "forward-looking statements." These forward-looking
statements rely on a number of assumptions concerning future events
and are subject to a number of risks and uncertainties that could
cause actual results to differ from those contained in the forward-looking
statements. These include, but are not limited to, uncertainties
surrounding whether the communications market will grow in the
future; whether our name change will be perceived positively by
our customers and investors; whether we will be able to successfully
execute our business strategies; whether we will be able to successfully
integrate our historic business operations with those of the recently
acquired Vertical Networks, Inc.; whether our customers will perceive
our products and services as valuable and beneficial; volatility
in our stock price as a result of the matters discussed above;
the volatility of semiconductor industry cycles; our ability to
achieve forecasted revenues and maintain and improve gross margins,
to reduce operating expenses, and to manage cash flows (and the
timing and degree of any such improvements in gross margins, reductions
in operating expenses and management of cash flows); failure to
integrate in an efficient and timely manner acquired companies;
failure to retain and attract key employees; and other factors
more fully detailed in the company's annual report on Form 10-K
for the year ended June 30, 2004.
Vertical Communications and the Vertical Communications logo and
combinations thereof are trademarks of Vertical Communications,
Inc. All other brand and product names are used for identification
only and are the property of their respective holders.
Contact:
Tactile Marketing Group,
Ed Schauweker, 703-963-5238
ed@tactilemarketing.com
About Copia
Founded in 1987, Copia International is an innovator
in the communications solutions software market. Daily, thousands
of customers worldwide use Copia's CopiaFacts software suite of FaxFacts, VoiceFacts and
E-MailFacts to send and receive information by fax, voice, or e-mail.
Copia holds the patents for its one-call fax retrieval and mail
merge-to-fax technology and has offices in the United States and
United Kingdom. www.copia.com
Contact: Dorothy Gaden-Flanagan, 630.388.6903
VP Marketing
|
Top