ULCM Ulticom (MM)

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Ulticom, Inc. (“Ulticom” or the “Company”) (NASDAQ:ULCM) related to the Company’s agreement to be acquired by an affiliate of Platinum Equity, LLC (“Platinum Equity”) in a proposed cash transaction.

Under the terms of the definitive merger agreement entered into by the parties, Ulticom’s public shareholders will receive $8.07 per share, which includes $2.33 per share in cash and payment of a special dividend of $5.74 per share. Pursuant to a separate share purchase agreement, shares held by Ulticom's controlling shareholder, Comverse Technology, Inc., will be purchased by Platinum Equity’s affiliate for up to $2.33 per share immediately prior to the closing of the merger, with a portion of that amount deferred and at risk based on Ulticom’s financial performance post-closing. The proposed transaction is expected to close by the end of the Ulticom’s fourth fiscal quarter 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Ulticom’s board of directors.

If you own shares of Ulticom, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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