TEOCO Receives $4.5 Million from Razorsight Lawsuit

Razorsight Enjoined from Its Use of TEOCO's Intellectual Property
FAIRFAX, Va.--(Business Wire)--
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. As part of the order entered in the United States District
Court for the Easter District of Virginia, Razorsight Corporation, and
other defendants, admitted liability on all of the claims filed
against them. 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.

Atul Jain, TEOCO Chairman and CEO, said, "We have built our
business and reputation on ethics and integrity in the marketplace. We
felt this action was necessary to protect the intellectual property we
develop to serve our valued customers and we believe that justice has
been served."

In mid-2007, TEOCO was made aware that Razorsight was in
possession of stolen TEOCO intellectual property. After careful
investigation, in September 2007, TEOCO filed suit in federal court
against Razorsight, and two other defendants, alleging theft of
intellectual property and the use of that intellectual property by
Razorsight to provide products and services that compete against
TEOCO. The two other defendants, who included Razorsight's founder and
Chairman Sundeep Sanghavi, were former TEOCO employees. The discovery
process of the lawsuit revealed that the defendants had stolen and
incorporated even more TEOCO intellectual property than was initially
asserted. Additional claims were subsequently filed. Razorsight
Corporation, a Sierra Ventures backed company, began competing with
TEOCO in 2003.

About TEOCO

TEOCO is the market leader in providing highly scalable cost
management, revenue assurance and business intelligence solutions to
communications service providers worldwide. Fueled by industry leading
expertise and innovative technologies, TEOCO's solutions deliver rapid
and substantial return on investment to over 40 of the industry's
leading corporations.

Founded in 1994, TEOCO (The Employee Owned Company) has twice been
ranked in Inc. Magazine's List of 500 of the fastest growing privately
held companies. TEOCO is widely recognized for its commitment to
principled entrepreneurship, business ethics and employee ownership
with a particular emphasis on its core values of alignment with
employees, clients and community. See more at www.teoco.com.

TEOCO Corporation
John Devolites, 703-259-4368
Devolitesj@teoco.com

Copyright Business Wire 2008