New York— IceHook Systems Corp, a leading provider of data management applications for telecommunications service providers , today announced that it has completed a purchase agreement with Covista Communications (OTCBB: CVST) for all intellectual property, service and trademarks associated with the RouteNGN call routing software.
The purchase, for which the terms were not released, allows IceHook to build upon its current product portfolio that includes Call Detail Record (CDR) and Rate Management while allowing Covista to continue offering the RouteNGN as a service to its existing carrier customers through its General Telecom division. IceHook plans to continue to build upon the RouteNGN’s already industry-leading call handling prowess by incorporating advanced rate management and call-reporting capabilities.
“We are very pleased to finalize this important transaction. It allows us to capitalize on the advanced market and network intelligence from our existing products. We look forward to leveraging that intelligence into real-time session management” stated Randy Weinberger, President of IceHook.
Warren Feldman, Chairman and CEO of Covista Communications said, “Working with IceHook on this transaction will allow Covista to focus on our long term goals of providing world-class hosted telecom services to enterprise and wholesale clients.”
The two companies will maintain a close relationship for this exceptional service during the expected seamless transition, with Covista continuing to provide for its existing RouteNGN clients, while IceHook will deliver for all new clients.