Edgeline Holdings, Inc. (OTCBB:ELHI) announced today that it has completed the acquisition of Secure Voice Communications, Inc. Secure Voice is a Houston, Texas based company, with research and development efforts primarily focused on developing and readying for market a SIP (Session Initiation Protocol) based approach to defending voice traffic and voice packets against deliberate attacks such as DOS (Denial of Service).
Given the world-wide boom in VoIP and IP Telephony, Secure Voice's addressable market is the worldwide commercial and enterprise communications sector. Secure Voice owns copyrighted technology developed and acquired from the University of California, Davis. To date, most information security efforts have been focused on the entire corporate network, with the assumption that if voice runs across the network, it is as safe as other network data. However, cyber crime is getting more sophisticated and voice-specific defensive measures and technologies will be needed moving forward.
ACQUISITION DETAILS
IP telephony is a revolutionary technology with the potential to completely rework the world's phone systems. It is constantly gaining popularity and the number of IP telephony enabled networks continues to grow rapidly. It should come as no surprise that these networks are a prime target for different types of attacks. IP telephony enabled networks are complex. The potential targets and vulnerabilities are numerous and so are the different types of attacks that might be utilized. The objective of the company's developing technology is to detect a subset of these attacks, known as flood attacks. These are classified as DOS attacks and builds upon the idea of sending data from one or several attackers at a higher rate than the target can process the received data. This will prohibit voice systems from being able to maintain the intended service level. The importance of this kind of product to the market is obvious, knowing the availability demands put on the telephony services of today. The Company's approach is unique and Secure Voice is pursuing a patent for this unique technology.
About Edgeline Holdings, Inc.
Headquartered in Houston, Texas, Edgeline Holdings, Inc. is a publicly traded holding company that specializes in the area of discovering and acquiring leading-edge niche technologies. These technologies will be incubated and nurtured into market ready applications. Edgeline's current and prospective portfolio consists of early stage companies that require management expertise to further develop the technology to ultimately maximize the value of such technologies by bringing them to market through licensing arrangements and partnerships.
Safe Harbor Statement
This press release contains statements that may constitute forward-looking statements, including the company's ability to successfully acquire and develop technologies that are and may be acquired. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Edgeline's future business and financial results, refer to Edgeline's Annual Report on Form 10-KSB for the year ended March 31, 2007. Edgeline Holdings undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise.
