Veraz Networks Inc.

San Jose, Calif. • 408-750-9400 • www.veraznetworks.com

Exchange and Ticker: Nasdaq: VRAZ

Filing Range: 6.75 million shares @ $10.00 to $12.00

Offering Price: $8.00

Close on First Day: $7.80

Offering Size: $72.00M

Shares Outstanding: 40,105,197M

Underwriters: Credit Suisse/ Lehman Brothers

Co-managers: Jefferies & Co. Inc./ Raymond James & Associates Inc.

Company Counsel: Cooley Godward LLP

Manager Counsel: Wilson Sonsini Goodrich & Rosati

Auditor: KPMG LLP

Market Capitalization on 4/30/07: $278.73M

Close price at current month end: $6.95

DESCRIPTION

Provides Internet Protocol (IP) softswitches, media gateways and digital compression products to established and emerging wireline, wireless and broadband service providers. The company’s service providers use products to transport, convert and manage voice traffic over legacy and IP networks, while enabling voice over IP, or VoIP, and other multimedia communications services. Competitors include Cisco Systems, Huawei, Sonus Networks and Tekelec. Company was formerly known as NexVerse Networks Inc.

VENTURE BACKERS

Battery Ventures, ECI Telecom, Kleiner Perkins Caufield & Byers, Levensohn Venture Partners Nissho Iwai Corp., Norwest Venture Partners, Williams Communications Group.

Source: Thomson Financial