Tdsoft Acquires the Be Connected Total Access Solution -- TAS

SUPERCOMM 2004
HERZLIA, Israel--()--May 10, 2004--Tdsoft, a leading provider of Access Gateways and Broadband Concentrators, today announced the Closing of an Assets Purchase Agreement whereby Tdsoft acquires the Assets of Be Connected, a member of the Telrad Networks group, including all the Intellectual Property and related rights of the TAS Broadband Access Platform. Financial terms of the purchase were not disclosed. Tdsoft has recruited most of the former Be Connected employees and transferred the complete operations to Tdsoft's headquarters in Herzlia. The acquisition strengthens Tdsoft's worldwide strategy to offer Telecommunications Service Providers a complete portfolio of Access Gateways enabling a smooth migration to Next Generation Networks (NGN).

As part of the purchase agreement, Tdsoft has assumed the related rights and obligations to Be Connected's existing customers -- Service Providers who own and run access networks based on the TAS product. In addition, Tdsoft and Telrad Networks have signed a reseller agreement whereby Telrad's System Integration arm, PNR will resell and distribute the TAS and other Tdsoft products in the many geographic areas where Telrad is well known for its first-rate system integration services.

Moty Weissman, VP Telrad Networks, acclaimed, "Tdsoft is a natural partner to take on the further development and marketing of the TAS, due to Tdsoft's impressive track record and leadership in Voice over Packet and Access technologies that complement the existing strengths of the TAS product, developed to Telrad's very stringent design standards. Telrad looks forward to cooperating in existing and new markets for the TAS and other Tdsoft products."

Yosi Albagli, CEO and President of Tdsoft is enthusiastic about the new opportunities brought by the acquisition and says, "Tdsoft has long been recognized for our success and commitment to providing best of breed products and technology to partners and customers. I am very impressed with the high caliber of the Be Connected team that have joined Tdsoft, the TAS product that results from intensive quality development during the last five years and Telrad's strong position as a System Integrator in many parts of the world. The combined capabilities enable us to further enhance our leadership with a new breed of large scale Access Gateways for NGN".

About Tdsoft:

Tdsoft Ltd. is a global provider of communications systems, applications and services. The company designs, develops and markets Access Gateways and Broadband Concentrators for Telecommunications Service Providers, enabling the smooth migration to NGN packet based networks.

Established in 1994, Tdsoft is a privately held company, financially backed by leading US and international venture capital firms and corporate investors.

See us at Supercomm 2004, June 20-24, Booth #21404

Contacts

Tdsoft
Dan Ostroff, VP Marketing & Sales
+ 972 9 9703888
Fax: + 972-9-9558175
dan@tdsoft.com

Contacts

Tdsoft
Dan Ostroff, VP Marketing & Sales
+ 972 9 9703888
Fax: + 972-9-9558175
dan@tdsoft.com