Bell Canada Transfers Mediator Technology to Rev D Networks

On December 20, 2002, Bell Canada, Rev D Networks Inc. and a consortium of venture capital investors in Canada and the U.S. entered into a series of agreements providing for the spinout of the industry leading Mediator softswitch technology, developed by Bell Canada, to Rev D Networks for further development and commercialization. Ottawa-based Rev D Networks acquired from Bell Canada the equipment, personnel and intellectual property rights associated with the Mediator technology and has agreed to provide development and support services to Bell Canada under a commercial support services agreement. The Canadian and U.S. venture capital investors are providing a total of US$14 million funds to facilitate the further development and commercial exploitation by Rev D Networks of the mediator softswitch technology and related products and services.

Bell Canada was represented in-house by Pascale Chapdelaine, and assisted by Michelle Marcellus, Richard Langevin, Derek Smith, Sylvia Crews and Elyot Waller, law; and by Davies Ward Phillips & Vineberg LLP with a team comprised of Richard Corley (now with Blake, Cassels & Graydon LLP), Marc Shewchun and Jeremy Broadhurst (information technology), Cam Rusaw and Peter Hong (corporate and securities) and Geoff Turner (tax).

Rev D Networks was represented by Rory Cattanach, Susan Thomson, Susan Mitchell and James Brown of Wildeboer Rand Thomson Apps & Dellelce LLP. The venture capital investors in Rev D Networks were represented by Osler, Hoskin & Harcourt LLP, with a team consisting of Elizabeth Walker and Alex Kilgour (corporate and securities), Diane Cornish and Marisia Campbell (technology and intellectual property) and Melanie Polowin (employment).