Comptel and Cisco have settled their dispute under arbitration

Comptel 

19.04.2012 19:00

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Comptel Corporation        Stock Exchange Release, 19 April 2012 at 8:00 pm

Comptel Corporation and Cisco Systems Inc. have settled the dispute concerning
Comptel's use of a certain sub-set of Axioss software that was sold to Cisco
and simultaneously licensed back to Comptel for use in the current release of
Comptel Fulfillment. Cisco brought the matter to the London Court of
International Arbitration in December 2011. 

In accordance with the settlement, the parties have agreed to withdraw all
their claims against each other and the arbitration process has thereby been
terminated. It has been agreed that no financial compensation will be made
between the parties. Comptel will continue in the fulfillment business and
will, consistent with the terms of Cisco's license back to Comptel, support its
existing Axioss and Comptel Fulfillment customers. 

COMPTEL CORPORATION
Juhani Hintikka
President and CEO

Further information:
Sami Ahonen, SVP Legal & M&A, tel. +358 50 550 4090

Distribution:
NASDAQ OMX Helsinki
Major media
www.comptel.com


Comptel is an international software company specialising in
telecommunications. Our solutions and services help communication service
providers improve customer experience, increase revenue and reduce costs.
Comptel has provided solutions to over 280 service providers with more than one
billion subscribers in 85 countries. The Group has about 650 employees
worldwide, and net sales were EUR 77 million in 2011. www.comptel.com
News Source: NASDAQ OMX



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Language:     English
Company:      Comptel
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009008221
WKN:          
 
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