Veraz Networks Names Al Wood as New Chief Financial Officer

    Business Editors/High-Tech Writers

    SAN JOSE, Calif.--(BUSINESS WIRE)--April 25, 2005--Veraz Networks, a leading global provider of next-generation communication networks, today announced that it has appointed Al Wood as its chief financial officer, effective immediately. Mr. Wood will report to Doug Sabella, president and chief executive officer of Veraz Networks.
    Mr. Wood brings an extensive financial management background in the software industry to Veraz that spans over 20 years and includes both public and private enterprises. Previously, Mr. Wood was the CFO of PalmSource and was responsible for the worldwide finance functions including financial reporting and compliance as a public company. While at PalmSource, Mr. Wood managed PalmSource's spin out from its parent (Palm) and the IPO process, and helped to formulate the corporate strategy including overseeing strategic business partnerships, license agreements and key customer transactions. Prior to PalmSource, Mr Wood held CFO and VP level positions at various companies including Insignia Solutions, Cohera Corporation, and Indus International.
    "By appointing Al Wood as the new CFO, Veraz is signaling to the industry that the company's growth and leadership in providing next generation IP solutions is accelerating," said Doug Sabella, president and CEO of Veraz Networks. "Mr. Wood's years of successful CFO roles at both emerging and public technology companies serves to assure that Veraz stays at the forefront of this market during its ongoing growth."
    "I believe that Veraz is an exciting company with a strong executive team, outstanding customers and advanced product solutions that address the needs of a market that is experiencing rapid growth," said Al Wood. "I look forward to helping Veraz achieve its future goals and realize its full potential."

    About Veraz Networks

    Veraz Networks (www.veraznetworks.com) is the leading global provider of softswitch-based, toll-quality packet telephony solutions for traditional and next-generation communications networks. Built on a rich heritage of delivering carrier-class products to over 700 customers in 140 countries, Veraz offers complete solutions to both established and greenfield carriers worldwide through its softswitch, media gateway, and digital compression products. Leveraging open, best-of-breed components and a global support and service infrastructure, Veraz partners with carriers to design and deploy carrier-class next-generation networks tailored to meet their business objectives. By combining industry-leading, standards-based softswitch and media gateway platforms with robust management systems, Veraz offers unmatched flexibility to carriers -- a best-in-class integrated packet telephony solution as well as the freedom to choose best-of-breed individual products to match their unique network needs. Veraz solutions address a wide range of carrier applications such as tandem switching, domestic & international long distance, IP trunking, IP Centrex, as well as new voice-data services.
    Veraz Networks is privately funded by ECI Telecom (Nasdaq:ECIL), Argonaut Private Equity, Battery Ventures, Kleiner Perkins Caufield & Byers, Levensohn Venture Partners and Norwest Venture Partners. The company is headquartered in San Jose, CA, with offices throughout the world.

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CONTACT: Veraz Networks Ed Camarena, 408-750-9424 edc@veraznet.com Sigal Naor, +972-3-926-6317 sigal.naor@veraznetworks.com or PR@vantage Ilene Adler, 415-984-1970 ext. 102 iadler@pr-vantage.com

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: HARDWARE TELECOMMUNICATIONS SOFTWARE NETWORKING MANAGEMENT CHANGES SOURCE: Veraz Networks

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