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Nakina Systems Acquires iPine Networks to Enter IP Service and Enterprise Management Market

Posted on: Wednesday, 17 December 2003, 06:00 CST

OTTAWA--(BUSINESS WIRE)--Dec. 17, 2003--

Extends Network Operator Visibility to Include User Behavior

and Service & Application Performance

Nakina(TM) Systems Inc., an Ottawa-based independent software vendor, today announced that it has completed the acquisition of iPine Networks Inc., a privately held company with leading edge products that provide network operators with vastly improved visibility of the services and applications being carried on their networks. Nakina Systems paid an undisclosed amount of cash and stock in order to complete the transaction.

"We are investing in technology and experience that is fundamental to delivering total network visibility to our customers," said Dave Vicary, President and CEO of Nakina Systems. "This is a strategic investment that brings Nakina into the global enterprise network management market while extending our product portfolio from optical discovery and element management into IP data networks and service management."

Nakina Systems will combine its leading optical discovery and network management technology with iPine's IP data services management products to deliver a complete portfolio of network and service management applications under one umbrella. These innovative products combined will provide operators with total visibility of physical assets, network connections, and the services and applications carried on those connections. The resulting automation enables better utilization of capital equipment and network facilities, reduced network operating expenses, pro-active network planning, and real-time failure analysis and resolution.

"Building on iPine's technology strengths and compelling business case, this acquisition brings additional investments to iPine products and provides the necessary resources to accelerate the delivery of unique service management solutions to our existing and new customers," said Kalai Kalaichelvan, Chairman and Co-founder of iPine Networks. "The combined Nakina and iPine team has a shared vision for total network visibility and control that will be unbeatable in the Real-time Service Intelligence market."

Pat DiPietro, Managing General Partner, Vengrowth Capital Partners Inc. and Chairman, Nakina Systems introduced the two companies and facilitated the acquisition discussions. Vengrowth provided Nakina's first round of financing in December, 2002. "Vengrowth immediately recognized the tremendous synergies that Nakina and iPine will have as one company serving customers who need to operate their networks more effectively," said Mr. DiPietro. "We are extremely pleased that both companies are deploying products with their lead customers today. Combining these complimentary solutions and experienced management teams accelerates growth and return on the investment placed in Nakina."

Leading industry analyst Martha Young, President, Nova Amber states, "iPine Networks has taken a business approach to policy based network management that transparently tightens control over network access and applications. This has a direct impact in increased operating efficiencies and security for enterprises and service providers. Combined with Nakina's layer one discovery and automation capabilities, this company will be positioned to provide unique network and service management capabilities to enterprises and service providers alike."

About Nakina Systems

Nakina Systems is an independent software vendor delivering innovative solutions to network operators worldwide. With a focus on operational effectiveness and network profitability, Nakina Systems' multi-vendor network software applications enable new services and reduced operating costs in existing and evolving networks. Nakina's adherence to network and software standards provides network operators with the flexibility to select and implement best in breed products, from Nakina Systems and Nakina Systems' partners, in existing and next generation networks.

Nakina(TM) and Simply Profitable Networks(TM) are trademarks of Nakina Systems Inc.

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