C-COR Incorporated (NASDAQ:CCBL)(www.c-cor.com) and Sigma Systems (www.sigma-systems.com) have announced that they have agreed to terms whereby C-COR will transition the product development and support for the C-COR Service Activation Manager (SAM) and Service Provisioning Manager (SPM) to Sigma Systems.
“This is about putting innovative OSS solutions on a fast track,” stated Robert Cruickshank, Vice President, OSS Market Strategy, C-COR. “For customers of our SAM and SPM, folding the technology and support of these products under Sigma Systems will provide them with broader flexibility and choice in service activation and provisioning functionality. For the cable industry, applying the combined experience and expertise of C-COR and Sigma to the OSS requirements of future converged network architectures will speed innovation and provide the shortest path to a fully integrated OSS solution for voice, video, and data over wireline or wireless networks.”
The transaction is subject to customary closing conditions and is expected to be completed this quarter. Upon closing of the transaction, Sigma will obtain an exclusive interest from C-COR in the SAM and SPM products and assume all of the service provider licensing and software maintenance contracts for these products. C-COR will continue to wholly own its other OSS products, including Key Distribution Center (KDC), Policy Service Manager (PSM(TM)), Network Service Manager (NSM(TM)), Mobile Workforce Manager (MWM(TM)), and CableEdge(R). [Read more…]