Moscow, RussiaNew York, New York - (The Hosting News) - September 16, 2008 - Provider of IP multimedia processing, Mail.Ru, web portal of the Russian Internet, will use GIPS' VoIP technology in the most popular instant messenger application in Russia, its Mail.Ru Agent.

Anna Artamonova, Vice President of Marketing at Mail.Ru noted, ''VoIP is a strategic component of Mail.Ru Agent development, which is why it was critical to choose the best VoIP solution provider in the marketplace. Our collaboration with GIPS will significantly improve the voice quality of the Mail.Ru Agent for PC-to-PC calls, as well as telephone calls to both landlines and cell phones.''

Frost and Sullivan, the business research and consulting firm, predict the unified communications market will grow by 13 percent this year, reaching revenues of $4.55 billion. As part of the agreement, GIPS' VoiceEngine will be embedded inside the Mail.Ru Agent (http://agent.mail.ru), starting with version 5.2 allowing affordable calls to stationary and mobile phones.

Jan Linden, Vice President of Engineering at GIPS remarked, ''We're thrilled to add Mail.Ru to our list of leading global Internet Service Providers, who see Unified Communications and point-to-multipoint communications across IP-devices as a strategic benefit for their customer base. With GIPS VoiceEngine's unique capabilities, such as automated adjustments for echo, noise suppression and bandwidth constraints, we are confident that Mail.Ru will realize an immediate dramatic improvement in voice quality and overall user experience.''

GIPS VoiceEngines have been downloaded more than any other voice engine worldwide, enabling consumers and businesses to enjoy high-quality IP-based communications, even under adverse network conditions.

Mail.Ru Company is the leader of the Internet market in Russia. The monthly audience of the holding company projects is about 52 million users. Some of Mail.Ru projects are the largest e-mail services in Russia Mail.Ru, instant messenger Mail.Ru Agent, online blog service Blogs@Mail.Ru, social network MoyMir@Mail.Ru, social search Otvety@Mail.Ru, the largest in Russia photo and video hosting Foto@Mail.Ru and Video@Mail.Ru, the largest mass mailing service Rassylki@Mail.Ru, trade system Tovary@Mail.Ru, dating and chat services Znakomstva@Mail.Ru and Chat@Mail.Ru, thematic news projects News@Mail.Ru, Afisha@Mail.Ru, Lady@Mail.Ru, Avto@Mail.Ru and many others. About Global IP Solutions Global IP Solutions (Oslo Bors: GIPS) provides best-in-class voice and video processing in IP communications. GIPS enables its customers to deliver unmatched quality, with a faster time-to-market and with less risk than alternative solutions. GIPS serves application developers, wired and wireless service providers and network and telecommunications equipment vendors. Its customer list includes Nortel, Oracle, Samsung, WebEx, Yahoo!, AOL and other key players in the voice and video over IP market. The company is headquartered in San Francisco with offices in Stockholm, Boston and Hong Kong.

To learn more, please visit: www.gipscorp.com.