<SUBMISSION>
<ACCESSION-NUMBER>0000950133-08-003242
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20080922
<ITEMS>2.01
<ITEMS>3.03
<ITEMS>5.01
<ITEMS>5.02
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20080926
<DATE-OF-FILING-DATE-CHANGE>20080926
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ACE COMM CORP
<CIK>0001017526
<ASSIGNED-SIC>7373
<IRS-NUMBER>521283030
<STATE-OF-INCORPORATION>MD
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-21059
<FILM-NUMBER>081090350
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>704 QUINCE ORCHARD RD
<CITY>GAITHERBURG
<STATE>MD
<ZIP>20878
<PHONE>3012589850
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>704 QUINCE ORCHARD ROAD
<CITY>GAITHERSBERG
<STATE>MD
<ZIP>20878
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>w67443e8vk.htm
<DESCRIPTION>8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (Date of Earliest Event Reported): September&nbsp;22, 2008</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B><FONT style="border-bottom: 1px solid #000000">ACE*COMM Corporation</FONT></B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Maryland
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">0-21059
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">52-1283030</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Identification No.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">704 Quince Orchard Road,
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">Gaithersburg, Maryland</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom">20878</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code: 301-721-3000</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Not Applicable<BR>
<DIV style="margin-top: 1px"><FONT style="border-top: 1px solid #000000">Former name or former address, if changed since last report</FONT></DIV></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><FONT face="Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "Item&nbsp;2.01. Completion of Acquisition or Disposition of Assets" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2.01. Completion of Acquisition or Disposition of Assets.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On September&nbsp;22, 2008, pursuant to the terms of an agreement and plan of merger dated as of
July&nbsp;11, 2008 (the &#147;Merger Agreement&#148;), among Ariston Global Holding LLC (&#147;Ariston&#148;), Ariston
Global Merger Sub, Inc. (&#147;Merger Sub&#148;), and ACE*COMM Corporation (the &#147;Company&#148;), Merger Sub, an
indirect wholly owned subsidiary of Ariston, merged with and into the Company (the &#147;Merger&#148;), with
the Company continuing as the surviving company and becoming an indirect wholly owned subsidiary of
Ariston. The Merger Agreement and the transactions contemplated thereby, including the Merger,
were approved by the board of directors and stockholders of each of Merger Sub and the Company. The
Company stockholders approved the Merger Agreement and the transactions contemplated thereby,
including the Merger, at a special meeting of the Company&#146;s stockholders held on September&nbsp;15,
2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the effective time and as a result of the Merger, each share of common stock of the Company
issued and outstanding immediately prior to the effective time of the Merger, other than shares
held by Ariston and Merger Sub, was converted into the right to receive $0.545 in cash, without
interest (the &#147;Merger Consideration&#148;). Ariston paid a total of approximately $10.7&nbsp;million
to the Company&#146;s stockholders in connection with the Merger.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, at the effective time and as a result of the Merger, each stock option that was
vested as of the effective time of the Merger, and that was unexpired, unexercised and outstanding
immediately prior to the effective time of the Merger, was canceled, and the holder of each such
option was entitled to receive an amount of cash equal to (i)&nbsp;the product of (A)&nbsp;the number of
shares of the Company&#146;s common stock previously subject to such option and (B)&nbsp;the excess, if any,
of the Merger Consideration over the exercise price per share of the Company&#146;s common stock
previously subject to such option, less any required withholding and employment taxes, or (ii)&nbsp;such
other amount determined by the Company and as to which amount the Company notified Ariston on or
prior to July&nbsp;21, 2008, which amount the Company duly determined and notified Ariston was, in the
aggregate, $9,375.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the entry into the Merger Agreement, Ariston entered into a subscription
agreement, dated as of July&nbsp;11, 2008, with the Company (the &#147;Subscription Agreement&#148;), pursuant to
which the Company issued and sold to Ariston for cash 714,286 shares of its common stock at a
purchase price of $0.56 per share, for an aggregate purchase price of $400,000. Under the terms of
the Subscription Agreement, the Company had an obligation to effect the registration of these
shares if the Merger Agreement was terminated without completion of the Merger. Other than the
Subscription Agreement, there were no material relationships between Ariston or its affiliates, on
the one hand, and the Company and its affiliates, on the other hand, prior to the entry into the
Merger Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following completion of the Merger on September&nbsp;22, 2008, the Company notified NASDAQ OMX that
the merger had been completed and requested that the Company&#146;s common stock no longer be quoted on
the OTC Bulletin Board. On September&nbsp;24, 2008, the Company filed a certification on Form&nbsp;15 to
terminate the registration of its common stock under Section 12(g) of the Exchange Act (and its
corresponding reporting obligation under Section 13(a) of the Exchange Act). The Company intends
to file a certification on Form&nbsp;15 to suspend its reporting obligations under Section 15(d) of the
Exchange Act on or prior to September&nbsp;29, 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing summary of the Merger Agreement does not purport to be complete and is qualified
in its entirety by reference to a full text of the Merger Agreement, a copy of which was filed as
Exhibit&nbsp;2.1 to the Company&#146;s Current Report on Form 8-K filed with the Securities and Exchange
Commission on July&nbsp;16, 2008, and which is incorporated herein by reference.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Item&nbsp;3.03. Material Modification to Rights of Security Holders" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3.03. Material Modification to Rights of Security Holders.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Merger Agreement, each outstanding share of the Company&#146;s common stock issued
and outstanding prior to the effective time of the Merger, other than shares held by Ariston and
Merger Sub, was converted into the right to receive the Merger Consideration, as described above
under the heading &#147;Item&nbsp;2.01. Completion of Acquisition or Disposition of Assets.&#148;
</DIV>
<!-- link1 "Item&nbsp;5.01. Changes in Control of Registrant" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5.01. Changes in Control of Registrant.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon closing of the Merger on September&nbsp;22, 2008, a change in control of the Company occurred.
Pursuant to the terms of the Merger Agreement, Merger Sub, an indirect wholly owned subsidiary of
Ariston, merged with and into the Company, with the Company continuing as the surviving company and
becoming an indirect wholly owned subsidiary of Ariston. At the effective time and as a result of
the Merger, each share of the Company&#146;s common stock issued and outstanding prior to the effective
time of the Merger, other than shares held by Ariston and Merger Sub, was converted into the right
to receive $0.545 in cash, without interest. Ariston paid a total of approximately $10.7
million to the Company&#146;s stockholders in connection with the Merger.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, and
without any further action on the part of the Company or Merger Sub, the directors of Merger Sub
immediately prior to the effective time of the Merger became the directors of the Company.
</DIV>
<!-- link1 "Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the effective time of the Merger, all of the Company&#146;s principal executive officers
resigned their positions with the Company. In addition, pursuant to the terms of the Merger
Agreement, at the effective time of the Merger, and without any further action on the part of the
Company or Merger Sub, the directors of Merger Sub immediately prior to the effective time of the
Merger became the directors of the Company.
</DIV>
<!-- link1 "Item&nbsp;8.01 Other Events" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8.01 Other Events</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On September&nbsp;24, 2008, Ariston Global LLC, the parent company of Ariston Global Holding LLC, issued a
press release announcing the completion of the Merger as described in Item&nbsp;5.01 above. A copy of
the press release is being furnished as Exhibit&nbsp;99.1 to this report and is incorporated herein by
reference.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Item&nbsp;9.01 Financial Statements and Exhibits" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<I>Exhibits</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents are herewith furnished as exhibits to this report:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Agreement and Plan of Merger, dated as of July&nbsp;11, 2008, among
ACE*COMM Corporation, Ariston Global Holding LLC, and Ariston
Global Merger Sub, Inc. (incorporated by reference to Exhibit
2.1 to ACE*COMM Corporation&#146;s Current Report on Form&nbsp;8-K filed
with the Securities and Exchange Commission on July&nbsp;16, 2008)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release, dated September&nbsp;24, 2008.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "SIGNATURES" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><U>ACE*COMM CORPORATION</U><BR>
(Registrant)<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date:  September 26, 2008&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Steve M. Dubnik
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Steve M. Dubnik&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President and Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>
<!-- link1 "EXHIBIT INDEX" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">2.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Agreement and Plan of Merger, dated as of July&nbsp;11, 2008, among
ACE*COMM Corporation, Ariston Global Holding LLC, and Ariston
Global Merger Sub, Inc. (incorporated by reference to Exhibit
2.1 to ACE*COMM Corporation&#146;s Current Report on Form&nbsp;8-K filed
with the Securities and Exchange Commission on July&nbsp;16, 2008)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release, dated September&nbsp;24, 2008.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>w67443exv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
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<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.1</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="w67443w6744301.gif" alt="(ARISTON GLOBAL LOGO)">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>FOR IMMEDIATE RELEASE</U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><b>Ariston Global Acquires ACE*COMM;<BR>
Merges ACE*COMM with TeleSciences</b>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Rochester, NY (September&nbsp;24, 2008) &#151; Ariston Global LLC, which focuses on the acquisition and
growth of communications solutions companies, today announced it has completed its acquisition of
ACE*COMM Corporation, a global provider of advanced operations support systems and value added
services solutions.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">ACE*COMM will merge with TeleSciences, an Ariston Global subsidiary company within Ariston Global&#146;s
revenue and margin management division. Together, the joint solutions address concerns of operators
and enterprises as they launch new services and adopt new business models to enhance value for
their subscribers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">TeleSciences is a leader in delivering innovative software and solutions for Tier 1 carriers. Its
focus is on data management, event processing, real-time charging and business analytics, allowing
carriers to assure customer and product performance and profitability. ACE*COMM&#146;s service delivery
platform offers policy controls for any network transaction &#151; complemented by a fully-configurable
revenue management and service fulfillment OSS infrastructure &#151; with customers in over 70
countries. Additionally, ACE*COMM brings an extensive enterprise OSS customer base across
military, federal, state and local governments and enterprises. The combined company brings
together some of the industry&#146;s most powerful and advanced solutions for data management,
analytics, controls and systems which enhance the value of services offered by carriers and large
enterprises alike.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;The addition of ACE*COMM&#146;s experience and solution set is both complementary and expansive,&#148; said
Kevin Dickens, co-CEO of Ariston Global. &#147;Not only does this acquisition support our overall
vision of assembling innovative companies that deliver enhanced value to BSS/OSS solutions, it
presents the opportunity to deploy these solutions on a global scale. Additionally, our solution
suite&#146;s breadth will expand and now include both service provider and enterprise specific
offerings.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mark Trudeau, President &#038; CEO of TeleSciences, will lead the new, combined ACE*COMM/TeleSciences
organization. &#147;In one step, we&#146;ve dramatically broadened our offering as well as our geographic
footprint,&#148; said Mr.&nbsp;Trudeau. &#147;Our solutions help our customers enable new personalized services,
bill and charge for those services, measure the customer experience, and then feed that information
back to further improve the service.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;Trudeau added, &#147;As a single organization, we have greater domain expertise to support the
development of innovative solutions and the delivery of related professional and support services.
The outlook for our existing customers is very advantageous. While they&#146;ll be assured of ongoing
support and delivery of current solutions, they&#146;ll also have access to best-of-breed in data
management, analytics and enabling technologies.&#148;
</DIV>

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</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About ACE*COMM</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The suite of ACE*COMM solutions is made up of advanced operations support systems (OSS)&nbsp;and service
delivery software and solutions for telecommunications service providers and enterprises.
ACE*COMM&#146;s advanced OSS solutions are applicable to a range of legacy and next-generation networks
that include wired, wireless, voice, data, multimedia and Internet communications networks. Network
operators use them for revenue management, cost reduction, improved operational efficiency,
acceleration of time-to-market for new services, and more effective customer care. ACE*COMM&#146;s
service delivery solutions provide mobile service providers with award-winning, in-demand
consumer-oriented services to help them achieve and sustain market share, generate new revenue and
position themselves as market innovators.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For almost 30&nbsp;years, ACE*COMM technology has been effectively deployed for more than 300 customers,
spanning more than 4,000 installations in 70 countries worldwide. ACE*COMM-installed products are
currently enabling the success of customers and partners such as Alcatel-Lucent, AT&#038;T, Bell Aliant,
Cincinnati Bell, Cisco, General Dynamics, IBM, Motorola, Northrop Grumman, Siemens, and VeriSign.
There will be a continued presence in the existing ACE*COMM headquarters in Gaithersburg, MD, along
with its offices in Australia, Canada and the UK. For more information about solutions from
ACE*COMM, visit www.acecomm.com.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About TeleSciences, Inc.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">TeleSciences, Inc. has continually delivered innovative solutions that gather, manage and analyze
data allowing service providers to optimize customer, product and network performance while
maximizing revenue and profitability.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The current suite of solutions from TeleSciences enable service providers to more quickly assess
revenue leakage, address inaccurate or disputed interconnect charges, reduce fraud, provide
operational margin analysis, subscriber and handset analytics, and gain deep visibility into usage
trends and network engineering performance.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Driven by the EventDynamics&#153; data collection and mediation engine, and applying its 10e Business
Analytics solution, TeleSciences addresses critical service provider needs across any single or
blended/converged network. This includes deployment within IMS networks in either stand-alone or
converged environments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">TeleSciences &#151; with solutions deployed throughout the world processing billions of events per day
&#151; has a client base of operators and equipment vendors that includes Alcatel-Lucent, AT&#038;T, Bell
Canada, Nokia Siemens Networks, Nortel, NuVox, Qwest, SFR, T-Mobile, TELUS, and Verizon.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">TeleSciences is headquartered in Mount Laurel, New Jersey with other locations in the US and UK and
has been ISO 9001:2000 certified since 1996.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About Ariston Global LLC</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ariston Global&#146;s vision is to create an innovative organization through combinations of
acquisition, merger and organic growth that will provide enabling tools, services and solutions to
the communications industry worldwide.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Through thoughtful integration, collaboration and partnering, the Ariston Global group of companies
realizes the benefits of an association with a larger, diverse and expanding organization &#151; but
without compromising each company&#146;s heritage of individual focus and passionate customer
orientation.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition to TeleSciences and its 10e Solutions business analytics practice, other companies
within the Ariston Global group include The Strata Group (<U>www.stratagroup.com</u>), a leading provider
of Customer Self-Serve solutions to communications service providers, and Interactive Enterprise
(www.interactive-enterprise.com), an innovator in providing service activation and provisioning
solutions for broadband operators. Ariston Global recently announced it had combined operations of
Strata Group and Interactive Enterprise in order to leverage and share their global sales,
technical support, and software development infrastructures and deliver an integrated service
management solution to the marketplace.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ariston Global is a portfolio company of private equity firm Spire Capital Partners, LLC. and is
based in Rochester, NY. For more information about Ariston Global, go to <U>www.aristonglobal.com.</U>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">###
</DIV>



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