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8-K - FORM 8-K - NEUSTAR INC | w83484e8vk.htm |
Exhibit 99.1
Neustar Closes Acquisition of Evolving Systems
Numbering Solutions Assets
Numbering Solutions Assets
STERLING, Va., July 1, 2011 Neustar, Inc. (NYSE: NSR), a provider of market-leading,
innovative solutions and directory services that enables trusted communication across networks,
applications and enterprises around the world, today announced that the company has closed the
acquisition of assets from Evolving Systems Numbering Solutions business for approximately $39.0
million in cash. The Numbering Solutions business expands Neustars Carrier Services portfolio,
adding new operational support systems (OSS) solutions.
The proliferation of network-connected devices provides consumers with valuable services, but also
significantly increases the complexity in operators networks, said Lisa Hook, Neustars President
and Chief Executive Officer. Neustars aim is to provide solutions that help operators simplify
their OSS architectures by offering increased network and service intelligence. The addition of the
Evolving Systems Numbering Solutions business to our Carrier Services portfolio enables Neustar to
further streamline network management and improve the quality of services offered in an IP world.
Neustars acquisition of the Numbering Solutions business from Evolving Systems is the companys
latest strategic investment that strengthens and expands its business and information analytics
portfolio. The Numbering Solutions technology complements Neustars services by offering operators
order management and inventory solutions through either a locally deployed or hosted model. The
integration of this business with Neustars Carrier Services operating segment advances the Neustar
strategy to help customers better manage the transition to IP networks, reduce network complexity,
and increase their ability to deliver advanced services.
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 Quarterly Report on Form 10-Q for the quarter-ended March 31, 2011 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: |
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Investor Relations Contact
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Media Contact | |
Brandon Pugh
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Allen Goldberg | |
(571) 434-5659
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(202) 368-4670 | |
brandon.pugh@neustar.biz
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allen.goldberg@neustar.biz |