Concerto, Aspect merger re-christened as Aspect Software

Concerto Software and Aspect Communications announced that upon closing of their intended merger as announced on 5 July 2005, the combined company will be named Aspect Software.

Given the broad market awareness of the Aspect brand, the name Aspect Software was selected to lead the new company's growth in markets around the world.

In addition, the companies have passed several milestones along the path to approval of the transaction. As announced this week, the most recent milestone reached was the termination of the Hart-Scott-Rodino (HSR) antitrust merger review waiting period.

The HSR Act prohibits the closing of certain mergers and acquisitions prior to the expiration or termination of any applicable waiting periods. Aspect is finalizing its proxy statement for distribution to shareholders, and the companies anticipate the deal will close in September.

"We are assembling an outstanding team and believe the new company will be regarded as proven, focused, and well-poised to both support current customers and meet the industry's growing need for reduced complexity and increased contact center capabilities”, said Jim Foy, President and CEO of Concerto Software.

The executive team of the new company, led by Foy, is expected to include individuals from both companies' management teams. Specifically, Gary Barnett, current CEO of Aspect, will be named Chief Technology Officer and Executive Vice President of Worldwide Support Services.