visionGATEWAY Announces Agreement to Acquire French VoIP Provider Centile
The acquisition further strengthens visionGATEWAY's position in the growing VoIP Solutions marketplace and follows on the heels of a Global Distribution Agreement with Centile to deliver its VoIP Solution through visionGATEWAY's distribution channels in USA, UK, Australia/NZ, China and elsewhere in Asia. It also extends the partnership visionGATEWAY already has with Centile to deliver a Secure VoIP solution to the market through the integrated bundling of visionGATEWAY's INTERScepter VoIP Module with Centile's IntraSwitch VoIP Application Server.
visionGATEWAY said that it expected to complete the acquisition of Centile within the next 60 days, whereby Centile will become a wholly owned subsidiary of visionGATEWAY, Inc. Upon closing of the transaction, visionGATEWAY will have provided Centile expanded sales channels in North America, Asia and Europe.
The sole investment of Centile Limited, a UK registered company, is the holding company for and the ownership of Centile SA of France, a software development (R&D) and distribution company specializing in VoIP technology which was acquired from 8x8, Inc. (a NASDAQ listed company) in 2003.
Centile is a global leader in application software server solutions and an Internet Telephony (VoIP) software vendor. Their key product, the Centile IntraSwitch, enables Telecommunication Operators (GSM, Wireless), Media Companies and Service Providers to be at the forefront of VoIP and multimedia communications, whilst endowing enterprises and residential end users with top quality IP solutions.
Centile Chief Executive Officer Shahal Khan said that the combined company will be able to more readily expand its sales and solution delivery potential to various Global markets as a visionGATEWAY subsidiary. Centile has annualized revenues in excess of US$1 million from its current 20 Service Provider clients in Europe. Additionally, the company has recently won competitive contracts to be delivered over the next three months with initial payments in excess of US$200,000, with recurring revenue estimated at an additional US$1 million annually.
"Centile's introduction of the Secure VoIP Module in conjunction with visionGATEWAY is already creating significant interest in the marketplace," said visionGATEWAY CEO Michael Emerson.

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