TELUS Invests in Telica, Trials Next-Generation Switching Solution

📅 March 29, 2002 - TELUS Ventures, the venture capital wing of Canadian telecommunications firm TELUS (telus.com), said yesterday it had invested $3 million (US) in Telica Inc., a provider of innovative softswitch-based voice and data infrastructure products.

TELUS said the investment would allow the company to participate "in a major softswitch development initiative" involving trials of Telica's technology. The company said that should the tests prove successful and the product is integrated in to its network, TELUS would see improved savings and network performance.
Telica provides switching platforms that simplify telecommunications networks, accelerate the deployment of competitive voice and data services, and reduce costs for service providers. The company's Plexus 9000 product is a carrier-grade switch that has all the elements of a softswitch-based solution.
"TELUS' growth strategy is all about leveraging emerging technologies to exploit the convergence of data, voice, Internet Protocol and wireless for the benefit of our customers across Canada," said Mark Schnarr, TELUS executive vice-president and president of TELUS Ventures. "This investment gives TELUS access to Telica's best-of-breed technology as we prepare to evolve our network infrastructure to increase efficiency and capability."

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