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2012-04-19 19:00:09 CEST 2012-04-19 19:01:11 CEST REGULATED INFORMATION Comptel - Company AnnouncementComptel and Cisco have settled their dispute under arbitrationComptel Corporation Stock Exchange Release, 19 April 2012 at 8:00 pm Comptel Corporation and Cisco Systems Inc. have settled the dispute concerning Comptel's use of a certain sub-set of Axioss software that was sold to Cisco and simultaneously licensed back to Comptel for use in the current release of Comptel Fulfillment. Cisco brought the matter to the London Court of International Arbitration in December 2011. In accordance with the settlement, the parties have agreed to withdraw all their claims against each other and the arbitration process has thereby been terminated. It has been agreed that no financial compensation will be made between the parties. Comptel will continue in the fulfillment business and will, consistent with the terms of Cisco's license back to Comptel, support its existing Axioss and Comptel Fulfillment customers. COMPTEL CORPORATION Juhani Hintikka President and CEO Further information: Sami Ahonen, SVP Legal & M&A, tel. +358 50 550 4090 Distribution: NASDAQ OMX Helsinki Major media www.comptel.com Comptel is an international software company specialising in telecommunications. Our solutions and services help communication service providers improve customer experience, increase revenue and reduce costs. Comptel has provided solutions to over 280 service providers with more than one billion subscribers in 85 countries. The Group has about 650 employees worldwide, and net sales were EUR 77 million in 2011. www.comptel.com |
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