2008 Press release archive
2008 News ReleasesTEOCO and Telarix Reach Settlement
Fairfax, Va., 16 December 2008 – TEOCO Corporation, TEOCO's wholly-owned subsidiary Vero Systems, Inc., and Telarix Inc. are pleased to announce that they reached complete settlement today in a lawsuit that had been pending in federal court in Alexandria, Virginia. As a result of settlement, all claims and counter-claims in the case have been dismissed with prejudice and without any admission of liability by any party.
TEOCO Acquires Vero Systems
Fairfax, Va., 1 October 2008 - TEOCO, the leading provider of cost management and revenue assurance solutions to communications service providers worldwide, today announced the acquisition of Vero Systems, a global provider of margin management products and least cost routing solutions. Terms of the transaction were not disclosed.
TEOCO Receives $4.5 Million from Razorsight Lawsuit
FAIRFAX, Va, May 20, 2008 -- A court order entered in favor of TEOCO has brought to a close a suit against Razorsight for use of TEOCO's stolen intellectual property (see final court order). As part of the order entered in the United States District Court for the Eastern District of Virginia, Razorsight Corporation, and other defendants, admitted liability on all of the claims filed against them (see Shital Sanghavi's Objections and Responses). The settlement includes a $4,500,000 payment, an injunction from Razorsight making any further use of any TEOCO intellectual property, and a future audit. As part of the court ordered injunction, Razorsight is required to extricate the stolen TEOCO intellectual property from all existing systems being used by its clients by September 1, 2008.
Court Documents
Final Order
Shital Sanghavi's Objections and Responses
Sundeep Sanghavi's Objections and Answers
Third Amended Complaint
Memo in Support of Motion
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