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8-K - 8-K - NEUSTAR INC | w82453ae8vk.htm |
EX-99.1 - EX-99.1 - NEUSTAR INC | w82453aexv99w1.htm |
EX-99.2 - EX-99.2 - NEUSTAR INC | w82453aexv99w2.htm |
Exhibit 99.3
Neustar Enters Into a Definitive Agreement to Acquire
Evolving Systems Numbering Solutions Assets
Evolving Systems Numbering Solutions Assets
Furthers
Neustars Vision for a Connected World;
Expands Capabilities to Meet Customers Need for Operational Efficiencies
Expands Capabilities to Meet Customers Need for Operational Efficiencies
STERLING, Va., April 21, 2011 Neustar, Inc. (NYSE: NSR), a provider of market-leading,
innovative solutions and directory services that enable trusted communication across networks,
applications, and enterprises around the world, today announced that it has entered into a
definitive agreement to acquire the assets and certain liabilities of the Numbering Solutions
business from Evolving Systems, Inc. (NASDAQ: EVOL). Under the terms of the agreement, Neustar will
pay approximately $39.0 million in cash.
The acquisition of Evolving Systems Numbering Solutions business furthers Neustars long-term
initiative to simplify operators OSS architectures by mitigating cost and complexity, while making
the evolution to next-generation networks more efficient, manageable, and flexible to meet the
increasingly complex needs of end-users. The industrys continual evolution and the rapid
proliferation of IP-enabled devices magnify the critical importance and complexity of OSS
architectures, which underscore the significance of this acquisition.
The profound change underway in the telecommunications industry is creating significant
challenges and opportunities. Neustar sits at the intersection of this transformation, delivering
proven solutions and services to help our customers get the most out of their communication
networks, said Lisa Hook, Neustars President and Chief Executive Officer. Neustar is raising the
bar for the industry by integrating the Evolving Systems capabilities to create a dynamic new
number management paradigm. This combination extends the breadth of Neustars Carrier Services
portfolio, providing a strong foundation for our customers to meet their current needs and allowing
them to harness the power of IP into the future.
Neustars Carrier Services solutions provide operators with a simple, cost-effective way to
eliminate the complexity of telephone number and service management. Operators will now be able to
harness these solutions through either a locally deployed or hosted model. The enhanced solutions
are ideal for operators that need to manage traditional telephony numbering services while
supporting existing and next-generation infrastructures. It combines the proven experience of
industry leaders with service innovation, resulting in simplified operations, reduced operational
costs, and investment protection.
Key Benefits:
| Enhanced Order Management and Inventory Services |
o | Provides a comprehensive range of number portability and number inventory systems. | ||
o | Delivers robust management for the growth in telephony and other services associated with connected devices. |
| Flexible Business and Operational Model |
o | Enables new business and operational models leveraging best-of-breed solutions based on either locally deployed model or hosted service offerings. |
| Improved Operational Efficiency |
o | Enables operators to streamline their OSS environments reducing the associated complexity and costs. |
| Migration to IP Services |
o | Provides the ability to blend next-generation services as market needs evolve, while at the same time leveraging existing investments in systems and infrastructure. |
Upon the close of the acquisition, certain assets of the Number Solutions business of Evolving
Systems will become part of Neustars Carrier Services operating segment. The acquisition, which is
subject to customary closing conditions including the affirmative vote of a majority of Evolving
Systems stockholders, is expected to close within 120 days of signing.
About Neustar, Inc.
Neustar, Inc. (NYSE: NSR) provides market-leading, innovative solutions and directory services that
enable trusted communication across networks, applications, and enterprises around the world.
Visit Neustar online at www.neustar.biz.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release regarding NeuStar, Inc.s proposed acquisition of the Numbering
Solutions business of Evolving Systems, Inc., including, without limitation, benefits and synergies
of the acquisition, and any other statements regarding future expectations, beliefs, goals or
business prospects constitute forward-looking statements made pursuant to the safe harbor provision
of the Private Securities Litigation Reform Act of 1995. We cannot assure you that our expectations
will be achieved or that any deviations will not be material. Forward-looking statements are
subject to many assumptions, risks and uncertainties that may cause future results to differ
materially from those anticipated. More information about potential factors that could affect our
business and financial results is included in our filings with the Securities and Exchange
Commission, including, without limitation, our Annual Report on Form 10-K for the year ended
December 31, 2010 and subsequent periodic reports. All forward-looking statements are based on
information available to us on the date of this press release, and we undertake no obligation to update any of the forward-looking statements after the
date of this press release.
Contact Info:
Investor Relations Contact
|
Media Contact | |
Brandon Pugh
|
Allen Goldberg | |
(571) 434-5659
|
(202) 368-4670 | |
brandon.pugh@neustar.biz
|
allen.goldberg@neustar.biz |