HCS Service Now Generally Available; Inteliquent Actively Signing New Resellers
CHICAGO, March 28, 2012 (GLOBE NEWSWIRE) -- Inteliquent (NASDAQ:IQNT, news, filings), a leading provider of global interconnection and interoperability solutions, announces that the first cloud-based collaboration service in the United States specifically developed to be resold by Cisco Value-Added Resellers (VAR) and System Integrators (SIs), is now in full production. The new cloud-based service is based on Cisco's next-generation Unified Communications infrastructure, Hosted Collaboration Solution (HCS), and leverages Inteliquent's extensive expertise in operating and managing IP networks.
The service, first announced and trialed by Inteliquent starting in November 2011, enables VARs/SIs to deliver a full suite of unified communication and collaboration applications, including Single Number Reach, Integrated Messaging and Presence, Video Calling and WebEx integration. HCS provides support for single site, multi-site and hybrid premise-based implementations that allow significant flexibility to business customers. This solution also enables VARs/SIs to sell a monthly subscription-based solution under their own brand. Additionally, VARs/SIs can provide customized solutions to their client base by integrating HCS with their own managed services. This will offer VARs/SIs the unique opportunity to differentiate themselves while growing their revenue predictably and without heavy front-end CAPEX costs for themselves or their customers. The Hosted Collaboration Solution can also be bundled with Inteliquent's EtherCloud℠ service to create a comprehensive wholesale solution and additional value.
Inteliquent has signed agreements and is actively signing additional agreements to take the HCS service to market. "We are excited about the full-scale roll out of this new hosted offer together with Cisco. Adding a cloud-based service to our product portfolio is a natural extension of our network capabilities and leverages our experience in providing highly reliable voice and data services," comments Surendra Saboo, President and COO of Inteliquent. "This is an ideal way for VARs and system integrators to be able to offer a Hosted Collaboration Solution to their customers while benefiting from a new stream of recurring revenue."
"Cisco has a range of go-to-market strategies to meet the growing demand for cloud collaboration services, and Inteliquent's white label offering of HCS is one model that presents a significant business opportunity for channel partners," adds Richard McLeod, Senior Director for Cisco's Worldwide Partner Collaboration Sales and Practice Management. "As the first US-based partner to bring a white-label wholesale HCS offering to market, Inteliquent will help VARs and integrators drive growth and profitability while providing end customers with a proven collaboration solution."
Headquartered in Chicago, Inteliquent (formerly known as Neutral Tandem and Tinet) provides intelligent networking to solve challenging interconnection and interoperability issues on a global scale. With an advanced MPLS network that is highly interconnected to carriers around the world, Inteliquent provides voice, IP Transit, Ethernet and hosted service solutions to major carriers, service providers, VARs, SIs and content management firms based in over 80 countries and six continents. With over 120 Ethernet sites worldwide, the company is the largest global Ethernet interconnection provider, a top five global IP transit provider and has a leading IPv6 network. Please visit Inteliquent's website at www.inteliquent.com and follow us on Twitter@Inteliquent.
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Cautions Concerning Forward Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical fact, included in this press release regarding Neutral Tandem's strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. The words "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward‑looking statements Neutral Tandem makes. Factors that might cause such differences include, but are not limited to: risks associated with our ability to successfully market and Hosted Collaboration services to Cisco VARs/SIs, including but not limited to identifying, obtaining, operating and maintaining equipment, software and business support systems; our inability to interconnect with third parties or obtain necessary third party rights or permits on a timely basis, if at all; cost estimation errors or overruns; material delays or shortages; and other factors, many of which are beyond our control and all of which could delay or negatively affect our ability to offer Hosted Collaboration services; and other important factors included in our reports filed with the Securities and Exchange Commission, particularly in the "Risk Factors" section of Neutral Tandem's Annual Report on Form 10-K for the period ended December 31, 2011, as such Risk Factors may be updated from time to time in subsequent reports. Furthermore, such forward-looking statements speak only as of the date of this press release. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
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