Elephant Talk Extends Gains In Pre-Market On HP Sales Collaboration

Elephant Talk Communications Corp.

in pre-market action extended its earlier gains on news it will collaborate with Hewlett-Packard

. Elephant, which provides software to mobile network operators, is down 27 percent in the year to date on mounting losses and uneven revenue. The company said its software-defined network architecture product will now include HP's Integrated Home Subscriber Server which manages subscription-related information. Elephant's Chief Technology Officer Martin Zuurbier said the agreement results from 'long-standing cooperation" between Elephant Talk and HP. Elephant in pre-market activity traded recently at $0.90 cents a share, up nearly 9 percent.