IP Unity Enters into Agreement to Acquire Glenayre Messaging

Dec 19, 2006

IP Unity, a provider of carrier-grade media servers, application servers, and real-time multimedia applications, and Glenayre Messaging, a division of Glenayre Technologies, Inc. and a global provider of messaging solutions, have announced that the parties have entered into a definitive asset purchase agreement for the consolidation of the two entities. This purchase led by IP Unity investors, is subject to certain customary closing conditions and is expected to close within 30 days. The joining of these two companies will create an independent supplier of rich media messaging systems and advanced IP multimedia solutions to both incumbent and wireline and wireless carriers. The two companies currently have no customers in common and market their products in different geographies and networks. The new entity, to be known as IP Unity Glenayre, will have locations in Atlanta, Georgia, Quincy, Illinois, Milpitas California, Amsterdam, Singapore, and Bangalore, India. The company will continue to have multiple sales offices and support centers around the world.

(www.ip-unity.com; www.glenayremessaging.com)