• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Caneum, Inc. Announces the Signing of a One Year Customer Agreement With ReadyLinks, Inc. Expanding Its Services Into the IPTV Technology Vertical

Posted on: Wednesday, 18 January 2006, 09:00 CST

Caneum, Inc. (OTC BB: CANM) announced that it has received a one year customer agreement with Minnesota-based ReadyLinks, Inc. The initial contract is for Caneum to provide ongoing technical and programming resources to complement ReadyLinks' in-house development teams.

"This is another great customer win for Caneum in the technology vertical, where we have been especially strong with sectors of the market that are currently and forecast to continue illustrating tremendous growth. ReadyLinks is focused on the IPTV space and Caneum's principals have extensive background and domain experience throughout the packet communications arena that will complement the advanced development work already underway by ReadyLinks," commented Suki Mudan, President of Caneum. "IPTV is the next advanced application for the Internet and is expected to mirror the growth of Voice over IP (VoIP) as core service provider networks migrate from circuit to packet switching throughout the decade. More importantly, and due to the large push into video by both incumbent Internet search, portal and media companies and PC manufacturers alike, IPTV is expected to quickly achieve mass market status in North America, as it has been achieving in several European and Asian countries already benefiting from advanced broadband deployment."

According to research firm MRG, the worldwide IPTV subscriber base is expected to increase from 2.1 million to 27.0 million users by 2008, representing an annual compound growth rate of 89 percent.

"Caneum offers us the resources that complement our experience and technical skills to develop solutions and products more efficiently and cost effectively," said Larry Synstelien, President of ReadyLinks. "This relationship expands ReadyLinks' ability to provide customers with advanced applications and technical support for the rapidly emerging IPTV market."

About Caneum Inc.:

Caneum Inc. is a global provider of business process and information technology outsourcing products and services across vertical industries including technology, energy, government, transportation, financial services, education and healthcare. The company provides a suite of business strategy and planning capabilities to assist companies with their "make versus buy" decisions in the areas of data, network, product development, product maintenance and customer support, and fulfills its services in-house, on-shore, near-shore and off-shore depending on the business goals and objectives of its global customers. In parallel, Caneum is opportunistically pursuing accretive acquisitions within its core outsourcing product and service suite in order to broaden its core capabilities, expand its customer base and supplement its organic growth. For more information, please visit the company's web site at http://www.caneum.com.

About ReadyLinks, Inc.

ReadyLinks Inc. is a broadband solutions company focused on applying communication technology to provide economical solutions for delivery of broadband services. ReadyLinks provides off-the-shelf and custom enterprise solutions for high-speed data, IPTV video and Voice over IP (VoIP) audio applications. ReadyLinks designs and manufactures networking products for consumer telecom applications, in the hospitality, healthcare, retail and educational markets. For more information, please visit the company's Web site at http://www.ready-links.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. The company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include but are not limited to the risk factors noted in the company's filings with the Securities & Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for Caneum's services; Caneum's ability to gain market acceptance for its services and products; the company's ability to fund its operations; the company's ability to attract and retain skilled personnel; the company's reliance on third-party suppliers.

 Contact: Caneum, Inc. Gary Allhusen 949-273-4007 Contact via http://www.marketwire.com/mw/emailprcntct?id=408D47944BFCF79B or The Liquid Group, Inc. Jason Daggett (Investors / Media) 714-264-7975 Contact via http://www.marketwire.com/mw/emailprcntct?id=F1B54F8347CB9E91  

SOURCE: Caneum, Inc.

Source: MARKET WIRE

More News in this Category