Category Archives: Elephant Talk Communications Corp. ETAK

Elephant Talk Communications Corp. (ETAK) Addressing Legacy Network Infrastructure and Empowering Global Telecommunications

February 25, 2016

Elephant Talk Communications Corp. (NYSE MKT: ETAK) is a leading international provider of mobile networking software and services. The company serves the needs of several of the world’s leading mobile network operators (MNOs) and technology firms – including Vodafone (NASDAQ: VOD), T-Mobile (NASDAQ: TMUS), Zain, HP (NYSE: HPQ) and Affirmed Networks – with a comprehensive suite of applications, reliable industry expertise and high quality customer service. Elephant Talk also counts a host of mobile virtual network operators (MVNOs), enablers (MVNEs) and aggregators (MVNAs) among its customers and partners, effectively empowering global telecommunications while helping emerging players in the telecommunications industry gain a significant competitive advantage without the need for a substantial upfront investment.

With the rapid evolution of technology, the infrastructure in use by most MNOs is quickly left in the dust. The costs associated with operating and maintaining sizable network infrastructure make leading telecommunications firms think twice before adopting critical new technologies. Elephant Talk addresses legacy infrastructure challenges with its virtualized, software-based platforms. Its ET Software DNA® 2.0 platform, for example, can fundamentally change the business of an MNO or MVNO by offering significantly decreased operational costs. When combined with the ability to dramatically reduce time-to-market and improve scalability, the ET Platform helps emerging operators generate results faster than ever before at margins that support continued growth.

To fully understand the benefits of Elephant Talk’s innovative solutions for MNOs, one needs to understand how the telecommunications industry functions. In the United States, MNOs such as Verizon (NYSE: VZ), AT&T (NYSE: T) and Sprint (NYSE: S) maintain expansive nationwide networks offering service to millions of individuals. However, these networks offer more capacity than is used by the MNOs’ subscriber base. In order to more effectively leverage the capacity of an MNO network, these firms allow MVNOs to purchase excess capacity for use at wholesale rates. Some examples of MVNOs in the U.S. include Boost Mobile, which uses Sprint’s host network, and Cricket Wireless, which uses AT&T’s host network.

For new players in the telecommunications space, the costs associated with setting up a mobile network are staggering. Operating as an MVNO lowers this sizable barrier to entry, providing advantages for both MVNOs and MNOs along the way. Elephant Talk enables MNOs to create, manage and secure entire mobile networks and offer a fully equipped wholesale mobile cloud. The company’s modular system is safer, cheaper, easier to manage, more reliable and more secure than existing legacy systems. It also drives average revenue per user by offering a greater range of services, cost efficiencies and increased engagement with customers.

As an innovative MVNE, Elephant Talk also connects MVNOs to MNOs, allowing virtual network operators to offer a full suite of mobile voice, SMS and data services. The company’s technology gives MVNOs full control of their entire IT systems and network infrastructure through an intuitive cloud-based infrastructure, enabling potential cost savings of up to 90 percent and significant time-to-market advantages.

Elephant Talk empowers MVNOs and MNOs by providing a patented cloud-based mobile communications infrastructure, operating software and managed services. With a large list of clients including some of the telecommunications industry’s biggest names, the company is well positioned to build on its progress in the industry while promoting sustainable growth in the months to come.

For more information, visit www.elephanttalk.com

Elephant Talk Communications Corp. (ETAK) Strengthens Restructuring Efforts with Binding Agreement to Divest ValidSoft

February 19, 2016

On Thursday, Elephant Talk Communications Corp. (NYSE MKT: ETAK) took a major step forward in its ongoing corporate restructuring efforts when it announced the execution of a binding agreement to divest its interest in ValidSoft, a leading provider of personal authentication and device assurance services.

According to the terms of the agreement, Elephant Talk will receive a total consideration of $12.5 million from Cross River Initiatives LLC in the form of a wire transfer of $8 million and a $4 million short-term secured note, due no later than March 21, 2016, in addition to a $500,000 advance that was paid last month. Effective February 1, 2016, Cross River has also agreed to assume all actual working capital and general business expenses associated with the ongoing operation of ValidSoft, with all payments being non-refundable in the event that the transaction fails due to breach of the agreement by Cross River.

As part of this transaction, Elephant Talk, ValidSoft and Cross River have also agreed to negotiate a perpetual, royalty-free license to ValidSoft’s Device Trust™ and User Authentication™ solutions, including the right to incorporate these technologies into Elephant Talk’s mobile telecommunications-cloud platform and other technologies. This agreement will also give Elephant Talk the right to resell these technologies through its platform moving forward.

The sale of ValidSoft marks the latest in a number of recent actions designed to bring Elephant Talk’s operations in line with its current revenues. In particular, the company has significantly reduced its staff, reorganized its management team and appointed new board members. Following completion of this restructuring, Elephant Talk’s management team expects the company to be in a strong position to achieve favorable financial results in the months to come.

“The closing of this transaction will significantly strengthen our balance sheet and provide working capital to complete our restructuring and pursue key growth opportunities,” Hal Turner, executive chairman of the board of Elephant Talk, noted in the news release. “[W]e are pleased with the overall restructuring and we can see a clear path towards sustainability and future profitable growth.”

Elephant Talk is a provider of cloud-based mobile network solutions with a proven track record in the software and telecom industries. The company deployed its first virtual network platform for a major mobile carrier in 2008, and its turnkey mobile services platform is capable of supporting millions of subscribers. With the assembly of a new executive management team, Elephant Talk boasts a wealth of experience in the telecom, software and technology sectors, as well as an extensive history of achieving rapid financial and commercial growth.

For more information, visit www.ElephantTalk.com

Elephant Talk Communications Corp. (ETAK) Initiates Restructuring of Global Business Operations with Executive and Board Appointments

December 17, 2015

As part of its efforts to restructure its global business under recently appointed executive chairman Hal Turner, Elephant Talk Communications Corp. (NYSE MKT: ETAK) recently announced a series of executive and board appointments. These appointments are expected to be the first in a number of critical improvements to the company’s organizational structure designed to boost Elephant Talk’s business operations, technological developments and ability to deliver the best services and support to its rapidly expanding customer base.

The executive appointments and transitions include:

  • Gary Brandt has been named chief restructuring officer and will be responsible for leading the transition and reorganization of Elephant Talk’s global operations. Brandt brings more than three decades of experience in C-level and executive finance leadership with several public companies in the technology space.
  • Armin Hessler, formerly co-president of the company’s mobile platform business, will now serve as Elephant Talk’s chief operating officer.
  • Robert Skaff, founder of DiNotte Lighting Hampton, has been elected as a new independent director, assuming the position formerly held by Jaime Bustillo.
  • Tim Payne, current president of Elephant Talk North America (ETNA), has stepped down as the company’s interim chief executive officer. Payne will continue to serve as president of ETNA.

“When I assumed the role of executive chairman last month, one of my first priorities was to undertake an extensive, top to bottom review of the company,” Hal Turner, executive chairman of the board of Elephant Talk, stated in the news release. “With Gary Brandt’s appointment to lead the restructuring and the expansion of Armin Hessler’s responsibilities, we are building a foundation of world-class leadership to run our global business operations that will complement Elephant Talk’s world-class technology.”

The company expects to continue its restructuring efforts by announcing additional executive appointments during the first half of 2016.

Hal Turner was appointed to the position of executive chairman last month. He brings more than 40 years of international C-level global telecom and communications experience to Elephant Talk, including extensive experience as an executive with major wireless and wired operators. Notably, he served in senior sales and marketing roles at AT&T (NYSE: T) and as the president and chief operating officer of BellSouth Communications, Inc. prior to its merger with AT&T.

Elephant Talk is a leading international provider of mobile networking software and services. Leveraging software-defined networking, network function virtualization and cloud technologies, the company has developed a suite of products that are at the leading edge of performance and reliability in the rapidly evolving mobile telecommunications industry.

For more information, visit www.elephanttalk.com

Elephant Talk Communications Corp. (ETAK) Offering Upstart Telecommunications Firms the Tools Needed for Sustainable Growth

November 10, 2015

The telecommunications market can be a confusing, acronym-filled place for the uninitiated. First, there are mobile network operators (MNOs), or wireless service providers. These companies own or control all of the necessary elements to sell and deliver cell phone services to customers. In the United States, major MNOs include Verizon Wireless (NYSE: VZ), AT&T (NYSE: T), T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S). In addition to offering services directly to consumers, MNOs normally obtain additional revenue by selling access to their network services to mobile virtual network operators (MVNOs) at wholesale rates. For consumers, MVNOs provide similar services to those offered by MNOs, but these companies are different because they don’t own their own wireless network infrastructure.

In some cases, MVNOs use their own customer service, billing support systems and marketing and sales personnel, but the upfront capital needed to fund these investments is often too much for newly formed wireless service providers. In order to cut initial costs, MVNOs can employ the services of a mobile virtual network enabler (MVNE). MVNEs provide a full range of network enablement platforms and services to MVNOs without having any direct relationship with the consumer. Benefits for MVNOs include a dramatic reduction in upfront capital expenses and potential savings in wholesale airtime costs resulting from bulk purchase discounts enabled by larger MVNEs.

Elephant Talk Communications Corp. (NYSE MKT: ETAK) is a leading provider of mobile networking software and services following an MVNE model. The company provides a patented cloud-based mobile communications infrastructure, operating software and managed services while enabling MVNOs to offer a full suite of products and high quality customer service without substantial upfront investment.

ETAK already counts several of the world’s leading MNOs and technology firms amongst its customers and partners, but the company took a significant step toward increasing its market share in October when it entered into a cloud service and software license agreement with the wholesale division of a tier one U.S. mobile operator. Following this agreement, the tier one MNO may procure ETAK’s proprietary MVNE services platform for use in the launch of a number of new MVNO brands at a later date.

The costs associated with developing a nationwide communications network are astronomical, so the best entry point for upstart telecommunications firms utilizes the MVNO model. As an established provider of MVNE services with a proven mobile service platform, ETAK is in a strong position to benefit from continued market expansion for the foreseeable future.

For more information, visit www.elephanttalk.com

Elephant Talk Communications Corp. (ETAK) Provides a Mobile Service Platform that Boosts Customer Satisfaction and Confidence at Every Level

November 5, 2015

Elephant Talk Communications Corp. offers an advanced mobile network platform with cyber security solutions for both Mobile Network Operators (MNO) and Mobile Virtual Network Operators (MVNO). The company gives its customers tier one, on premise or cloud-based, outsourced mobile communications network functionality that greatly diminishes the Total Cost of Ownership for its customers. Elephant Talk works not only with smaller MVNOs like Vodafone and Zain, but also with larger MNOs like T-Mobile and HP.

The Elephant Talk Software DNA® 2.0 mobile service platform includes advanced Software Defined Networking (SDN) with Network Function Virtualization (NFV) technologies. This platform uses a range of Commercial-Off-the-Shelf (COTS) hardware that supports a whole list of network services and features to suit client interests. For better industry competition awareness, this service also uses “3D Processing” in real time, to view key performance indicators (KPI) quickly so Elephant Talk clients can stay ahead of the game.

On the business end, the Elephant Talk Business Operating Support System (BOSS) helps its clients every step of the way. The company assures a low-cost deployment of products and services so clients can run their business efficiently. Furthermore, Elephant Talk’s support system assists clients with sales, marketing, revenue assurance, payment plans, strategy, distribution and more. That way, Elephant Talk clients can have the best tools available to run a successful company.

ValidSoft, a subsidiary of Elephant Talk, continues the mobile platform with its voice biometrics security software. This gives clients and their customers a smoother experience when finishing a transaction. Instead of remembering pins and passwords, customers simply speak into their devices to unlock what they need. ValidSoft aims to provide a helpful user experience for both client and consumer.

Having technology that is user friendly can create a stable and sustainable relationship between the manufacturer and buyer. Elephant Talk Communications Corp. intends to solidify a positive user experience for its clients and, in turn, their customers.

For more information, please visit http://www.elephanttalk.com

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Elephant Talk Communications Corp. (ETAK) Set to Capitalize on Selection as MVNO Platform Solution Provider for Tier 1 Mobile Operator

October 29, 2015

The costs associated with building a nationwide wireless network are immense. Despite this fact, new voice and data service operators enter the market on a regular basis, often providing consumers with considerable cost savings for mobile phone and data service. These smaller carriers are known as mobile virtual network operators (MVNOs). Instead of attempting to create a wireless network of their own, these companies lease wireless telephone and data service from established mobile network operators (MNOs) in their target markets at wholesale rates. In the U.S., these MNOs include AT&T (NYSE: T), Sprint (NYSE: S), T-Mobile (NYST: TMUS) and Verizon (NYSE: VZ).

In some cases, MVNOs use their own customer service, billing support systems, marketing and sales personnel, however, establishing these resources typically requires a substantial amount of upfront capital. Alternatively, MVNOs can enlist the services of a mobile virtual network enabler (MVNE), a business-to-business operation specializing in the planning, implementation and management of mobile services – including SIM provisioning and configuration, customer billing, customer relationship management and value-added service platforms. In this way, startup MVNOs can effectively outsource management of business and technical operations while benefitting from the previous experience of the MVNE as a negotiating channel with MNOs.

Elephant Talk Communications Corp. (NYSE MKT: ETAK) addresses the demand for MVNEs through its proprietary platform. Using market standard interfaces, the company offers global telecommunication companies and other service providers a full suite of products and services that enable them to fully provide mobile telecom services as part of their overall business offerings.

Earlier this month, Elephant Talk announced an agreement with the wholesale division of a Tier 1 U.S. mobile operator through which the operator may procure the company’s innovative MVNO platform services on a non-exclusive basis. Following this agreement, Elephant Talk is in a formidable position to provide launch support for a number of MVNO brands moving forward. The company has already completed the primary integration of its solution platform with the mobile operator’s systems, and it expects to begin supporting new MVNO customers in the coming weeks.

“Our selection by a Tier 1 U.S. mobile operator is a major achievement for Elephant Talk, validating the strength of our technology and the capabilities of our software platforms designed for the unique needs of MNOs and MVNOs,” Tim Payne, president of Elephant Talk North America, stated in a news release. “We have worked closely with this mobile operator to complete the simultaneous integration of our platform with their systems and are pleased to report that we are now ready to support a growing number of new MVNO brands as they are launched on the operator’s network.”

Leaning on the marketability of its technology, Elephant Talk has established itself as an emerging leader in the mobile space. With many of the world’s top MNOs and technology firms already amongst its customers and partners – including Vodafone (NASDAQ: VOD), T-Mobile, Zain, HP (NYSE: HPQ) and Affirmed Networks – the company is primed to promote sustainable financial growth for the foreseeable future.

For more information, visit http://www.elephanttalk.com

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Elephant Talk Communications Corp. (ETAK) Says Voice Biometrics is Best

October 27, 2015

The recent fingerprint hacking of over five million United States government employees raises questions about the safety of biometrics. Biometrics, a technology that measures and analyzes biological data like voice, fingerprint, iris, and facial scans, is used by companies like Apple and Samsung to unlock user-specific products. However, rising concerns over biometric use within customer-based businesses after the latest breaching of fingerprint data need to be addressed.

Elephant Talk Communications Corporation (NYSE MKT: ETAK), a global provider of Software Defined Network Architecture (ET Software DNA® 2.0) platforms and security solutions, suggests we move towards voice biometric technologies with multi-factor authentication to increase personal identity safety. The current fingerprint biometric trend lacks the option of changing should a breach happen. Fingerprints are static which means they can never be altered, therefore, once stolen the information remains available indefinitely. However, voice biometrics are dynamic which allows for fast alterations should they be compromised.

Various companies are working on biometric interface systems for users that provide safer security measures. ValidSoft, a subsidiary of Elephant Talk, offers security services that use voice biometrics coupled with multi-factor authentication approaches for the development of advanced verification systems to keep sensitive information protected. This means that the company provides multiple layers (factors) of security for each user, making hacking almost impossible. One factor, like a password, can be easily accessed while contextual data specific to a user with other factors proves more difficult. By using the latest in voice biometric algorithm technology, ValidSoft offers user-specific verification software.

Elephant Talk believes in the value of both static and dynamic biometrics, though insists on companies not using them by themselves. For greater security, validation technologies should use multiple factors, contextual data, and numerous layers to keep users and their information locked for theft prevention.

For more information on Elephant Talk Communications Corp., visit http://www.elephanttalk.com

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Elephant Talk Communications Corp. (ETAK) is “One to Watch”

October 19, 2015

Elephant Talk Communications Corp. provides mobile proprietary Software Defined Network Architecture (ET Software DNA® 2.0) platforms for its growing base of strategic partners and clients, which includes some of today’s world-leading MNOs and technology companies, including Vodafone, T-Mobile, Zain, HP and Affirmed Networks.

Targeting its share of the broader $1.4+ trillion telecommunications market, Elephant Talk empowers MNOs, MVNOs, MVNEs and MVNAs with a full suite of applications, reliable industry expertise, and high quality customer service. Understanding that partnership is crucial in enabling and delivering the highest level of quality of product capability and professionalism, Elephant Talk also closely collaborates with other expert organizations and leading service providers.

ValidSoft UK Ltd., a subsidiary of Elephant Talk uses personal authentication and device assurance to secure transactions and help customers reduce fraud losses. As part of its multi-factor authentication, ValidSoft integrates its leading Voice Biometric engine into multivendor solutions or as a standalone system. ValidSoft serves multiple clients in the financial government and business automation sectors and is the only company to have been granted four European Privacy Seals, reflecting its commitment to promoting strong data privacy.

Elephant Talk has implemented rigid structures and processes to ensure corporate integrity and the responsible oversight of all business activities. This vision starts with executive management and extends to every employee. Elephant Talk is guided by a visionary leadership team with a rich history of success in key markets pertinent to both the company’s current and desired market positions. In order to achieve and maintain world-class system performance, Elephant Talk leverages this management team along with collaborations with the world’s best technical partners.

For more information, visit http://www.elephanttalk.com

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