|
|
SpatialNews Press Release
C-COR.net and MobileForce Technologies, Inc. Agree to Merge
Jump to Website Here
Conference Call Scheduled to Describe Merger's Impact on Expanding
C-COR.net's Broadband Management Offerings
STATE COLLEGE, Pa., March 29 -- C-COR.net (Nasdaq: CCBL), a
global provider of broadband technology and services, and MobileForce
Technologies, Inc., a privately-held corporation that develops and markets
workforce management applications and wireless mobile computing solutions for
the broadband industry and other large field service industries, have
announced the signing of a merger agreement, under which C-COR.net will
acquire MobileForce for a combination of cash and the assumption of
MobileForce's outstanding debt. The merger transaction is expected to close
by the end of C-COR.net's fiscal year 2001 (June 29, 2001), subject to
customary closing conditions set forth in the merger agreement.
C-COR.net has scheduled a conference call for 9:45 AM (ET) on Friday,
March 30, 2001, to discuss the acquisition of MobileForce, including the terms
of the consideration. Details regarding access to the conference call are
provided under a separate C-COR.net news release, dated March 29, 2001.
MobileForce Technologies is headquartered in Pleasanton, California, and
has approximately 65 employees. MobileForce develops best-of-class software
applications and hosted application service solutions that enable broadband
service providers to automate many of the complex, labor-intensive and time-
consuming management processes associated with end-to-end field service
fulfillment. The Company's flagship product line, Nvision, combines the
simplicity and sophistication of browser-based business applications with
real-time connectivity to the mobile workforce through wireless data
connections and mobile computing devices. The capabilities of the Nvision
suite of products include automated assignment and scheduling of work orders
and field service technicians, dynamic computer-aided dispatch, paperless and
wireless work order distribution, automated monitoring of route quality, daily
work orders and technician status, real-time wireless access to enterprise
information systems from the field, business intelligence reporting, a mapping
GPS/GIS application to graphically depict what is occurring in designated
service areas, and an automated vehicle location system that allows satellite-
based tracking of technicians equipped with an in-vehicle Global Positioning
System (GPS) mobile unit. Nvision is offered as either a customer-owned and
maintained field service management system or as a hosted application service,
NvisionASP. MobileForce has contracts or product evaluation agreements with
four of the largest MSOs (Multiple System Operators) in the United States and
Canada.
In a statement issued regarding the merger with MobileForce, David A.
Woodle, Chairman and CEO of C-COR.net, commented, "This merger represents
another step in the implementation of our long-term strategic plan to be a
major provider of advanced services, as well as technology, to the global
broadband communications market. The integration of the employee talent and
product lines of MobileForce will position C-COR.net to tap into the field
service market where demand is growing as new broadband services are
introduced. The current broadband service provider environment is
characterized by a field workforce (now numbering over 200,000 worldwide and
growing) which is mobile and without automation tools, a tight supply of
trained technicians, a rapidly rising work order cost, and a mobile worker who
is becoming the primary customer contact in managing millions of "touch
points" annually. As a result of the merger, C-COR.net will stand ready to
offer the market a workforce management solution that effectively meets the
field service needs of broadband providers and supports our customers in
providing better service while reducing infrastructure and fulfillment costs."
Also commenting on the merger, Robert Gill, Chairman, President and CEO of
MobileForce Technologies, stated, "This merger is truly a win-win situation
for both companies and our customers. Our field service management products
complement C-COR.net's current suite of broadband services by providing an
automated solution for the work order-to-fulfillment-to-warranty link. In
turn, C-COR.net's global reach into the broadband communications market will
increase the visibility of our products that enable service providers to
deliver services more efficiently, reduce costs and improve the service
delivered to their customers."
Search GeoCommunity for Related Stories
Return to Today's News Index
|
|
Sponsored by:
For information
regarding
advertising rates
Click Here!
|
