Hardwick Simmons, Chief Executive Officer of The Nasdaq Stock Market commented, "We are happy to welcome Orchestream to our family of high quality, exciting companies that make up the Nasdaq market. Its reputation as an innovative provider of global solutions is a prime example of the types of companies on Nasdaq that are having an important impact in the new economy." In 2000, more than 100 international companies chose to list on Nasdaq, raising more than $10 billion. To date, it has almost 500 international listings, more than any other stock market in the world.
"Orchestream's strategy is to provide solutions that drive revenue from the new network," said Ashley Ward, Chief Executive Officer, Orchestream Holdings plc. "In the 10 weeks since announcing our intention to acquire CrossKeys we have successfully integrated the operations of the two companies to bring a combined solution. Today Orchestream has a strong and active North American presence and is bringing new value to network operators seeking to generate revenue from their infrastructure investments."
Orchestream is a leading provider of services activation and performance management software to the telecommunications industry. The company enables telecommunications carriers to deliver Internet Protocol (IP) based, e-commerce, data, video and voice-over-IP services. Orchestream's award-winning software, a major component of the Operations Support System (OSS), is the leading activation and provisioning solution for configuration of IP virtual private networks (IP-VPNs), facilitating Quality of Service (QoS) and performance monitoring of key network services, enabling profitable end-to-end Service Level Agreement (SLA) management. Orchestream's customers include AT&T, Telstra, Global Crossing, Interoute, NTT and Energis.
The Nasdaq Stock Market lists nearly 5,000 companies, has a larger dollar volume, and trades more shares per day than any other U.S. market. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.
