02:22:30 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



CounterPath Corp
Symbol CCV
Shares Issued 42,586,267
Close 2014-08-19 C$ 1.00
Market Cap C$ 42,586,267
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CounterPath licenses OTT products to unnamed company

2014-08-20 08:37 ET - News Release

Mr. Donovan Jones reports

COUNTERPATH ANNOUNCES CONTRACT AND STRATEGIC CHANNEL AGREEMENT WITH LARGE NETWORK EQUIPMENT PROVIDER

A major supplier of networking equipment and solutions has signed a definitive agreement with CounterPath Corp. to market and sell CounterPath's over-the-top communications solutions to operators worldwide.

Enterprise and operator OTT solutions are key for customers that want to differentiate their UC and IMS (IP multimedia subsystem) based deployments. In the case of deployments like Rogers One Number, operators have experienced a positive upturn in subscriber growth and reduced usage of Internet OTT services such as Skype or Apple's Facetime.

"Carriers and Enterprises are looking for market tested unified communications solutions that they can confidently roll out to their end-users," said Donovan Jones, president and chief executive officer. "By taking our client-centric, platform-agnostic approach and extending it to our server platform we can offer a solution which not only overlays to any network deployment but greatly enhances the user experience, providing a highly differentiated service for operators and enterprises. This new relationship opens up a significant market opportunity for CounterPath, once again demonstrating the industry's trust in the value and reliability of our applications and solutions."

The signed agreement covers all of CounterPath's products and services that comprise operator and enterprise OTT solutions enabling voice, video, presence and messaging over the most popular operating systems and devices across any IP network.

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