Full support of existing product line, reseller distribution channel planned
MOUNTAIN VIEW & SUNNYVALE, Calif.-- Pivot VoIP today announced that it has completed its acquisition of the assets of Zultys Technologies, including all key intellectual property, online and offline brands and the complete product portfolio. Effective immediately, the company will adopt the full identity of Zultys to ensure smooth business continuity.
Pivot VoIP, which was formed and supported by Telrad Connegy, an Israeli-based PBX manufacturer with a 50-year involvement in the global telecom arena, will subsequently cease to exist. All of the operations of Zultys at its Sunnyvale, Calif., location are currently being restored. Telrad Connegy owner and Chairman Avi Weinrib will assume the role of President and CEO of the newly reorganized Zultys.
"We are very excited about the future of Zultys and its product line and have full faith in the engineering team and the technology. Our actions clearly give Zultys a fresh start. With over 50 years of traditional telecom experience, we will guide the next phase of evolution with the use of its modern IP technologies. Both Telrad Connegy and Zultys Technologies will coexist independently of each other serving parallel market niches," Mr. Weinrib said.
Mindful of its past achievements, Zultys will strive to maintain its high standing and solid reputation moving forward by stepping up partner relations with resellers and distributors alike to ensure their satisfaction.
"Because of all of the recent developments and the positive feedback that we have received from our resellers, we have a renewed vision to further improve the product to the needs of the customers," said Vladimir Movshovich, VP of Technology, Zultys.
The transaction, conducted in U.S. Bankruptcy Court, Northern District of California, in San Jose, has received all of the necessary approvals of Judge Arthur S. Weissbrodt, who oversaw the legal proceedings. The company bought the Zultys assets through a bankruptcy auction for a winning bid of $2.65 million, plus the assumption of certain debt obligations.
About Zultys Technologies
Founded in October 2001, Zultys Technologies is the principal architect of the leading "pure" IP-based communications equipment for enterprises. Zultys designs and manufactures award-winning hardware and software for converged communications including the feature-rich MX30 and MX250 IP PBX with data communication servers and a full line of standards-based handsets and phone systems.