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ENFORCEMENT PROCEEDINGS - SEC Charges Wall Street Ring that Made Over $20 Million Serially Trading

The Securities and Exchange Commission today announced insider trading charges against nine defendants in a case involving serial insider trading by a ring of Wall Street traders and hedge funds who made over $20 million trading ahead of corporate acquisition announcements using inside information tipped by an attorney at the international law firm of Ropes & Gray LLP, in exchange for kickbacks. The SEC alleges that Arthur J. Cutillo, an attorney in the New York office of Ropes & Gray, misappropriated from his law firm material, nonpublic information concerning at least four corporate acquisitions or bids involving Ropes & Gray clients -- the 2007 acquisitions of Alliance Data Systems Corp. (ADS), Avaya Inc. (Avaya), 3Com Corp. (3Com), and Axcan Pharma Inc. (Axcan).

The complaint alleges that Cutillo, through his friend and fellow attorney Jason Goldfarb, tipped inside information concerning these acquisitions to Zvi Goffer, a proprietary trader at the broker-dealer Schottenfeld Group, LLC (Schottenfeld). The complaint further alleges that Zvi traded on this information for Schottenfeld, and had numerous downstream tippees who also traded on the information, including other professional traders and portfolio managers at two hedge fund advisers.

The Commission's complaint names the following defendants and includes the allegations set forth below:

Arthur J. Cutillo, a resident of Ridgewood, New Jersey, is an attorney in the New York office of the international law firm of Ropes & Gray. Cutillo misappropriated from his law firm material, nonpublic information concerning at least four corporate acquisitions involving Ropes & Gray clients -- the 2007 acquisition announcements of ADS, Avaya, 3Com, and Axcan. Cutillo illegally tipped that information, through his friend and fellow attorney Jason Goldfarb, to Zvi Goffer, a proprietary trader Schottenfeld, in exchange for kickbacks.

Jason C. Goldfarb, a resident of New York, New York, is an attorney in private practice in New York. Goldfarb illegally tipped Zvi Goffer material, nonpublic information concerning upcoming corporate acquisitions that Cutillo misappropriated from Ropes & Gray, in exchange for kickbacks.

Zvi Goffer, a resident of New York, New York, is currently employed at Echotrade LLC (Echotrade), registered broker-dealer, and is also a trader at Incremental Capital, LLC (Incremental Capital). During the relevant time period, Zvi Goffer was a registered representative and proprietary trader at Schottenfeld, a registered broker-dealer. Zvi Goffer illegally traded on and/or tipped material, nonpublic information concerning the proposed acquisitions of Avaya, 3Com, and Axcan.

Craig C. Drimal, a resident of Weston, Connecticut. Drimal is a trader who, during part of the relevant time period, worked out of the offices of Galleon Management, LP. Currently, Drimal is a registered representative at Echotrade and is also a trader at Incremental Capital. Drimal illegally traded on and/or tipped material, nonpublic information concerning the proposed acquisitions of Avaya, 3Com, and Axcan.

Schottenfeld Group, LLC is a registered broker-dealer located in New York, New York. Schottenfeld illegally traded on material, nonpublic information concerning the proposed acquisitions of Avaya, 3Com, and Axcan.

Gautham Shankar is a resident of New Canaan, Connecticut. During the relevant time period, Shankar was a registered representative and proprietary trader at Schottenfeld. Shankar illegally traded on and tipped material, nonpublic information concerning the proposed acquisitions of Avaya, 3Com, and Axcan.

David Plate, a resident of New York, New York, is a registered representative at G-2 Trading LLC, a registered broker-dealer. During the relevant time period, Plate was a registered representative and proprietary trader at Schottenfeld. Plate illegally traded on material, nonpublic information concerning the proposed acquisitions of Avaya, 3Com, and Axcan.

Emanuel Goffer, a resident of New York, New York, is employed at Echotrade and is also a trader at Incremental Capital. During the relevant time period, Emanuel Goffer was a registered representative and proprietary trader at Spectrum Trading LLC, a registered broker-dealer. Emanuel Goffer illegally traded on material, nonpublic information concerning the proposed acquisitions of Avaya and 3Com.

Michael A. Kimelman, a resident of Larchmont, New York, is a registered representative at Echotrade and also is a trader at Incremental Capital. During the relevant time period, Kimelman was a trader at Lighthouse Financial Group LLC, an investment bank and registered broker-dealer. Kimelman illegally traded on material, nonpublic information concerning the proposed acquisition of 3Com.

As a result of conduct described in the complaint, the Commission alleges that each of the defendants violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Commission's complaint seeks permanent injunctive relief, disgorgement of illicit profits with prejudgment interest, and the imposition of civil monetary penalties.

In a related criminal case, the U.S. Attorney's Office for the Southern District of New York announced today criminal charges against Cutillo, Goldfarb, Zvi Goffer, Drimal, Shankar, Plate, Emanuel Goffer, and Kimelman, in connection with the above insider trading schemes.

The Commission thanks the U.S. Attorney's Office and the Federal Bureau of Investigation for their cooperation and assistance in connection with this matter.

The Commission's investigation is continuing. [SEC v. Arthur J. Cutillo, Jason C. Goldfarb, Zvi Goffer, Craig C. Drimal, Schottenfeld Group, LLC, Gautham Shankar, David Plate, Emanuel Goffer, and Michael Kimelman, Civil Action No. 09-09208 (LAK) (S.D.N.Y.)] (LR-21283)

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Tags: acquisition   broker   connecticut   corporate   criminal   dealer   hedge fund   insider trading   international law   investigation   investment bank   law   new_york   new jersey   sec  

Companies: 3Com Corp. (COMS), Alliance Data Systems Corp. (ADS), Avaya, Inc. (AV)

 

Cross Telecom, Inc. Forms a Strategic Alliance With Worldstone International - Zibb.com

Cross Telecom, Inc. today announced that it has appointed Worldstone as it's partner to deliver communication solutions and Telephony infrastructure globally. This means that Cross will be able to better serve its customers from an International perspective, with seamless collaboration, integration and service in every major country throughout the world.

"The alliance between Cross and Worldstone helps ensure multi-national companies have a consistent Avaya experience in every country. This partnership brings together two of Avaya's Platinum-certified channel partners and delivers a compelling Avaya story," said Carol Giles Neslund, Vice President, North America Channels for Avaya.

"Cross is excited to continue to expand our portfolio globally, and bring our unique value proposition to the marketplace", said John Delozier, Executive Vice President, Cross Telecom. "The ability to adequately address the global marketplace is becoming increasingly important within our industry. Companies that do not have these types of capabilities will not last. We are confident that we have aligned ourselves with the best of the best!"

Peter Hanson, International Sales Director, Worldstone endorsed the strategic importance of the partnership, adding: "Worldstone is delighted to be joining forces with Cross Telecom to enable the delivery of best in class global solutions to Cross Telecom's international customer base."

About Cross

Cross is the only Avaya National Platinum Business Partner that is also an Avaya Platinum DevConnect Partner, and has achieved Avaya's Services Delivery Specialization - as the world's only Avaya Integration Expert. Cross is also an Extreme Networks Diamond Partner. By providing a complete portfolio of Voice, Data, IP Telephony, Wireless, CrossNet Maintenance and Support, Professional Services and Cross University, Cross has defined itself as a complete end-to-end integrator of converged technologies nationwide. Having one of the largest and most experienced technical teams within the industry, Cross delivers business transforming communications solutions that will create a distinct competitive advantage for our customers.

About Worldstone

Worldstone is the international voice and data services division of Corporate Communications Ltd (CC), a Platinum Business Partner, providing strategic consultancy, design, implementation and maintenance of Avaya solutions to multinational companies worldwide.

With presence in 107 countries and working with over 100 partners, Worldstone's proven business model has delivered unique, fully tailored and seamless communications solutions for over 100 major international organizations including Affinion, SAS Airlines, Covidien, Novartis, Google, Apple, Sita and KCI.

SOURCE Cross Telecom, Inc.

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Tags: business   communications   corporate   diamond   executive   north america   partnership   platinum   president   technology   telephony   wireless  

Companies: Avaya, Inc. (AV)

 

Polycom SoundStation IP 6000 and IP 7000 Conference Phones Are Now Rated Avaya Compliant - Zibb.com

Polycom, Inc. (NASDAQ: PLCM), the global leader in telepresence, video and voice communications solutions, today announced that its standards-based Polycom SoundStation IP 6000 and SoundStation IP 7000 conference phones, featuring Polycom HD Voice(TM), are compliant with the Avaya Aura Communication Manager, Avaya IP Office and Avaya Integral solutions from Avaya, a leading global provider of business communications applications, systems and services.

The SoundStation(R) IP 7000 and IP 6000 -- two next-generation IP conference phones -- offer groundbreaking Polycom features including Polycom HD Voice(TM) technology and a sleek new design. The SoundStation IP 7000 is an ideal upgrade for executive offices, conference rooms and board rooms, while the SoundStation(R) IP 6000 is suited for managerial offices and small to mid-sized conference rooms. Additionally, Avaya is offering the Avaya 1692 IP Speakerphone, which is manufactured by Polycom. The Avaya 1692 IP Speakerphone provides the convenience and productivity benefits inherent in a powerful, hands-free conference phone. It delivers the extensive set of Avaya Aura(TM) features directly to small, midsize and large conference rooms.

Polycom is a Platinum member of the Avaya DevConnect program -- an initiative to develop, market and sell innovative third-party products that interoperate with Avaya technology and extend the value of an organization's investment in its network. As a Platinum member of the program, Polycom is eligible to submit products for compatibility testing by the Avaya Solution Interoperability and Test Lab. There a team of Avaya engineers develops a comprehensive test plan for each application to verify whether it is Avaya compliant. Doing so ensures businesses can confidently add best-in-class capabilities to their network without having to replace their existing infrastructure -- speeding deployment of new applications and reducing both network complexity and implementation costs.

"By offering compliance testing to the many innovative companies like Polycom who are members of our DevConnect program, Avaya promotes fully interoperable solutions that help businesses unleash powerful new possibilities," said Eric Rossman, vice president, developer relations and technical alliances, Avaya. "They are able to use unified communications capabilities to connect employees and customers to information from wherever they are, over whatever device they have available -- getting more out of their multivendor network and delivering new value to their bottom line."

About Avaya

Avaya is a global leader in enterprise communications systems. The company provides unified communications, contact centers, and related services directly and through its channel partners to leading businesses and organizations around the world. Enterprises of all sizes depend on Avaya for state-of-the-art communications that improve efficiency, collaboration, customer service and competitiveness. For more information please visit www.avaya.com. For more information on the Avaya DevConnect program, visit www.avaya.com/devconnect.

About Polycom

Polycom, Inc. (NASDAQ: PLCM) is the global leader in telepresence, video, and voice solutions and a visionary in communications that empower people to connect and collaborate everywhere. Visit www.polycom.com for more information and follow us on Twitter @AllAboutPolycom.

Copyright 2009 Polycom, Inc. All rights reserved. POLYCOM(R), the Polycom "Triangles" logo and the names and marks associated with Polycom's products are trademarks and/or service marks of Polycom, Inc. and are registered and/or common law marks in the United States and various other countries. All other trademarks are property of their respective owners.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1107267

Contact:

Robin Raulf-Sager
Polycom
+1 303.583.5342
Email Contact

Lynn Newman
Avaya
+1 908.953.8692
Email Contact


SOURCE: Polycom, Inc.

http://www2.marketwire.com/mw/emailprcntct?id=A2F460906D6414B5
http://www2.marketwire.com/mw/emailprcntct?id=E6AB9BD80156D50C

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Tags: art   business   communications   conference   email   executive   investment   law   market   nasdaq   platinum   president   productivity   products   property   standards   technology   video  

Companies: Avaya, Inc. (AV), Polycom, Inc. (PLCM)

 

Acme Packet Shows Wide Range of Border Control Solutions at Interconnect 2009 - Zibb.com

Acme Packet(R) (NASDAQ: APKT), the leader in session border control solutions, today announced this year's series of live solution demonstrations to be presented at Interconnect 2009, the company's fifth annual worldwide user conference being held November 8-11 in Miami, Florida.

The seventeen interconnected demonstrations showcase new capabilities for delivering enterprise, contact center, wireless/FMC and wireline services and applications. They collectively feature all of Acme Packet's products--session border controller (SBC), session routing proxy (SRP) and multiservice security gateway (MSG), and integrate selected products and services from Acme Packet partners. These partners include AirWalk Communications, Alteva, Avaya, Aylus Networks, BroadSoft, EXFO's Navtel Product Group, MetaSwitch, NetNumber, Neustar, Nexus Telecom, RedSky, Simple Signal, Spirent, Tatara Systems, TransNexus and Ubiquisys.

"The theme of this year's Interconnect conference is 'Connecting Your Universe' and these demos will show our customers how Acme Packet's solutions help them 'connect' to the next generation of services and applications," said Seamus Hourihan, Acme Packet's vice president of marketing and product management. "We are especially thankful to those partners who supported us with their products and expertise to significantly expand the number of demos for this year's event."

Demonstrations being presented at Interconnect 2009 include the following:

Enterprise and contact center demonstrations

Enterprise SIP trunking with Avaya Aura(TM)

Acme Packet and Avaya combine to show SIP trunking applications between enterprises and service providers as well as between enterprise locations. Acme Packet's Net-Net SBC ensures security and maximum service reach while assuring SLAs and regulatory compliance in the delivery of unified communications from Avaya's Aura System platform.

Managed enterprise SBC services

Acme Packet will demonstrate the fault, configuration, accounting, performance and security (FCAPS) and related management capabilities of Net-Net OS delivered in the context of a managed enterprise SBC service. Acme Packet's managed enterprise SBC solution extends the SIP trunking service demarcation point all the way to the enterprise premise as part of a SIP trunking service.

Secure teleworker access to SIP voice and unified communications

The Acme Packet Net-Net SBC integrated with Avaya Aura(TM) will enable Avaya SIP endpoints using SIP/TLS and SRTP to establish, maintain and terminate sessions securely via the Internet to enterprise telephony and UC infrastructure. Acme Packet SBCs control the Internet border point for enterprises or contact centers, delivering all necessary security, service reach and SLA assurance functions to cost-effectively implement secure, high-quality IP-based telephony and UC solutions for remote employees.

Hosted enterprise E9-1-1 emergency services

The demonstration depicts an emergency call, routed through the Net-Net SBC and delivered to Red Sky's E9-1-1 network services solution deployed at a simulated public service access point (PSAP). The SBC adds denial of service/distributed denial of service (DoS/DDoS) protection and layer-5 topology hiding at the hosted services border, as well as backup for standard E9-1-1 routing by providing an alternate route to the PSAP when the primary route becomes unavailable.

Interactive SIP trunking return-on-investment (ROI) kiosk

Acme Packet has designed a Return on Investment (ROI) tool that illustrates the cost savings potential of moving to SIP trunking. With this tool, enterprises will understand specifically how SIP trunking reduces access, local and long distance charges and consolidates over-provisioned trunks into a more cost-effective "resource pool" for voice and data services.

Wireline demonstrations

Hosted Microsoft OCS and BroadSoft unified communications

Acme Packet SBCs enable unified communications (UC) based on BroadSoft's BroadWorks(R) business telephony VoIP application platform integrated with Microsoft's Office Communications Server 2007 R2. Presence information is available on any device at any time -- PC client, mobile handset or IP desk phone. Calls can be initiated via remote call control from contact lists or any Microsoft application such as Word or Excel where a contacts name appears. BroadWorks also integrates with Microsoft Dynamics CRM 4.0 to offer small and medium-sized businesses an enterprise-class customer relationship management (CRM) solution, which enables users to view customer contact information immediately based on the caller ID or other call parameters. The Net-Net SBC controls SIP signaling to provide interoperability and security at the network border between the service provider's BroadWorks application server platform and the enterprise IP phones.

Metaswitch FMC integration for hosted services

The Metaswitch CommPortal Mobile(TM) application enables remote IP desktop phone control from an iPhone. The Metaswitch CommPortal(TM) server located in the service provider data center functionally integrates the IP desktop phone and iPhone. The Metaswitch PhoneRemote(TM) application allows the subscriber to click on an iPhone contact name entry to trigger call initiation from the desktop IP phone, leveraging the address book of the iPhone. Acme Packet's SBC secures the network border between the enterprise and service provider data center, normalizes SIP signaling and enables interworking between H.323 and SIP endpoints.

Session routing for "find me, follow me" services

In this technology demonstration, Acme Packet's Net-Net SBC and NetNumber's TITAN platform, a private ENUM database solution, provide routing for a basic "find me/follow me" service across SIP wireline and mobile phones. The Net-Net SBC functions as SIP registrar for the SIP endpoints and updates the ENUM database with endpoint location information via dynamic DNS. Net-Net SBCs query the ENUM database to retrieve routes to multiple subscriber endpoints as well as current subscriber preferences.

Wireless and fixed mobile convergence (FMC) demonstrations

Streaming video control

Acme Packet's Net-Net SBC controls the delivery of Real-Time Streaming Protocol (RTSP)-based video over broadband access networks. The SBC functions as a RTSP proxy, providing signaling and bandwidth-based admission control and VLAN tagging to assure quality of service and compliance with SLAs. It also controls video stream admission into the access network by querying an external policy server and assigns appropriate QoS marking for the stream's packets. To ensure that the service is delivered securely and reliably, the SBC provides access controls and topology hiding to protect the video server infrastructure.

CDMA and UMTS SIP femtocell access

Acme Packet's Net-Net Security Gateway (SG) and Net-Net Session Director (SD) connect SIP-based femtocells to an IMS/NGN data center. CDMA AirWalk EdgePoint(TM) and UMTS Ubiquisys ZoneGate femtocells convert legacy signaling and media to SIP and RTP for transport over broadband Internet access connections. The Net-Net SG provides the femtocell security gateway function for securely tunneling voice and data traffic across the Internet using IPsec. The Net-Net SBC provides SIP session control, including denial-of-service protection, admission control and protocol normalization. For the AirWalk CDMA demonstration, Acme Packet's SBC also routes sessions to Tatara Systems' Tatara Convergence Server (TCS) which provides voice, messaging and supplementary services as well as active session handover to the macro TDM-based cellular network

Rich Communications Suite video and content sharing services

Acme Packet and Aylus Networks will showcase the power of Rich Communications Suite (RCS) video and content sharing. Acme Packet's Net-Net SBC, deployed at the border between the 3G access network and the SIP/IMS network, protects the server infrastructure, maximizes reach and assures quality of experience for RCS services. Aylus Networks' MediaShare Application Server and Media Switch provide real-time multimedia sharing to Aylus and third party RCS clients on 3G handsets as well as to web portals and social media hubs.

Core session routing and interconnect demonstrations

GSMA IPX routing with SLA and billing management

Acme Packet's Net-Net SR session routing proxy (SRP) leverages the GSM Association's PathFinder Service, operated by Neustar, to route SIP sessions over service provider interconnect borders via the GSM Alliance's IP eXchange (IPX). The Net-Net SR queries the PathFinder database using the industry-standard ENUM protocol to obtain least cost routing information and forwards the session appropriately. Nexus Telecom's NexusMETER provides performance management and SLA reporting while NexusMEDIATION provides network and billing mediation solutions.

Calling party name service delivery

The Net-Net Session Router (SR) provides calling party name services by querying a remote NetNumber Titan ENUM server--which performs a CNAM lookup against a back end database. The Net-Net SR populates the FROM header in the SIP INVITE message with the CNAM information. This information is then displayed as the caller ID on the receiving phone. The demonstration also includes NexOSS from TransNexus for CDR mediation, call analysis and reporting.

IP peering for high definition video conferencing services

Acme Packet, BroadSoft and IP communications service providers Alteva and SimpleSignal combine to enable high-definition telepresence-enabled videoconferencing over an IP interconnect between the two service providers. In the solution, Acme Packet SBCs resolve signaling and media disparities between the video endpoints supported by each service provider.

Platform demonstrations

Net-Net 4500 multiservice security gateway capacity and performance

Acme Packet will demonstrate the performance and capacity of the industry's highest density multiservice security gateway. Using Spirent's Landslide test platform with dynamic IPsec option, Acme Packet's Net-Net 4500 SG will rapidly set up and tear down IPsec tunnels, scaling up to 200,000 simultaneous tunnels.

Net-Net 9200 session border controller performance

Acme Packet's Net-Net 9200 SBC will be tested with a Navtel/EXFO QA-604 SIP load generator to demonstrate SIP signaling performance that is up to 4 times higher than previous versions of the same system. The Net-Net 9200 offers the industry's highest levels of performance and capacity in a 7U chassis-based platform.

Simple SIP trunking configuration using Net-Net OS templates

Acme Packet will demonstrate how service providers can use a "SIP trunking" configuration template to add numerous SIP trunks quickly and easily. Net-Net OS configuration templates simplify the configuration of Acme Packet SBCs, reducing configuration errors and increasing the rate of provisioning customers and services. Common service profiles are created as templates, incorporating both default and customized configuration settings. A template can then be spawned into numerous individual "instances" to develop complete service profiles.

About Acme Packet

Acme Packet, Inc. (NASDAQ: APKT), the leader in session border control solutions, enables the delivery of trusted, first-class interactive communications--voice, video and multimedia sessions--and data services across IP network borders. Our Net-Net family of session border controllers, multiservice security gateways and session routing proxies supports multiple applications in service provider, enterprise and contact center networks--from VoIP trunking to hosted enterprise and residential services to fixed-mobile convergence. They satisfy critical security, service assurance and regulatory requirements in wireline, cable and wireless networks; and support multiple protocols--SIP, H.323, MGCP/NCS, H.248 and RTSP--and multiple border points--service provider access and interconnect, and enterprise access and trunking. Our products have been selected by 910 customers in 100 countries. They include 48 of the top 50, and 90 of the top 100 service providers in the world; and 8 of the Fortune 25. For more information, contact us at +1 781.328.4400, or visit www.acmepacket.com.

Acme Packet and Net-Net are registered trademarks of Acme Packet in the US and/or other countries. BroadSoft and BroadWorks are registered trademarks of BroadSoft, Inc. All other trademarks are the properties of their respective owners.

SOURCE: Acme Packet

Media Contact: 
Connect2 Communications 
Joyce Wady, 908-857-2022 
andrea@connect2comm.com 
or 
Investor Relations: 
Brian Norris, 781-328-4790 
bnorris@acmepacket.com

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Tags: accounting   bandwidth   billing   book   business   cellular   communications   conference   crm   emergency   internet   investment   local   marketing   media   multimedia   nasdaq   policy   president   product management   products   residential   security   technology   telecom   telephony   video   web   wireless   wireline  

Companies: Acme Packet Inc (APKT), Avaya, Inc. (AV)

 

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Voda One Corp.

The Dealer Support Center contains valuable information that is specifically created for Voda One dealers. In addition to news and information, this site provides tools and services that are designed to help our dealers increase sales.

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Aruba networks secure mobility solution rated Avaya compliant

Used in conjunction with Avaya IP telephones, Aruba says that its Remote Access Points allow SMEs to extend communication and messaging capabilities to remote workers simply and securely, without the cost and complexity of VPN or router-based solutions.

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Dealer Support Center: Technology Vendors

Voda One/Westcon Group North America Line Card For a complete view of Avaya and Affinity Vendors supported by Voda One/Westcon Group North, click here.

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Avaya - Wikipedia, the free encyclopedia

en.wikipedia.org

Avaya Inc. is a privately held telecommunications company which specializes in enterprise telephony and call center technology. Formerly the Business Communications unit of Lucent ...

http://en.wikipedia.org/wiki/Avaya

Business Communications Solutions from Avaya

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Avaya, a global leader in business communications, provides solutions directly and through its channel partners to leading enterprises around the world.

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