Exhibit 99.1

NMS Communications Corp.

Pro Forma Condensed Combined Balance Sheet

as of September 30, 2007

(In thousands)

(Unaudited)

			Sale of
			Network			Company
	Company		Infrastructure			Pro Forma
	Historical (1)		Division (2)			Combined
ASSETS
Current assets:
Cash and cash equivalents	$	22,999	$	850	(a)	$	22,816
			(1,033		)(b)
Marketable securities	5,294		1,881		(c)	7,175
Accounts receivable, net	13,744					13,744
Inventories	3,581		(119		)(d)	3,462
Prepaid expenses and other assets	3,016					3,016
Total current assets	48,634		1,579			50,213
Property and equipment, net	7,048		(167		)(e)	6,881
Goodwill	5,431					5,431
Other intangible assets, net	2,906					2,906
Other assets	1,251					1,251
Total assets	$	65,270	$	1,412		$	66,682
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	5,352				$	5,352
Accrued expenses and other liabilities	7,320					7,320
Accrued restructuring	1,017					1,017
Deferred revenue	4,253		(125		)(f)	4,128
Total current liabilities	17,942		(125		)	17,817
Accrued restructuring	1,884					1,884
Accrued warranty expense	108					108
Total liabilities	19,934		(125		)	19,809
Stockholders’ equity	45,336		1,537		(g)	46,873
Total liabilities and stockholders’ equity	$	65,270	$	1,412		$	66,682

(1) As reported in NMS Communications’ unaudited quarterly report on Form 10-Q for the nine months ended September 30, 2007.

(2) The sale of the NI division excludes certain assets and liabilities that will remain with NMS Communications after the sale including accounts receivable, pre-paid expenses, accounts payable and other accrued expenses.

NMS Communications Corporation

Pro Forma Condensed Combined Statement of Operations

(In thousands except per share data)

(unaudited)

For the Nine Months Ended September 30, 2007

				Sale of
				Network			Company
	Company			Infrastructure			Pro Forma
	Historical (1)			Division			Combined
Revenues	$	63,548		$	(3,774	)	$	59,774
Cost of revenues	24,245			(1,177		)(h)	23,068
Gross Profit	39,303			(2,597		)	36,706
Operating expenses:
Selling, general and administrative	33,157			(2,134		)(h)	31,023
Research and Development	15,953			(2,302		)(h)	13,651
Total operating expenses	49,110			(4,436		)	44,674
Operating Income (Loss)	(9,807		)	1,839			(7,968		)
Other income (expense):
Interest income	989						989
Other	(626		)				(626		)
Other income (expense), net	363						363
Loss before income taxes	(9,444		)	1,839			(7,605		)
Income tax expense	246						246
Net Loss	$	(9,690	)	$	1,839		$	(7,851	)
Basic and diluted loss per share	$	(0.22	)				$	(0.18	)
Weighted average basic and diluted shares outstanding	43,892						43,892

(1) As reported in NMS Communications’ unaudited quarterly report on Form 10-Q for the nine months ended September 30, 2007.

NMS Communications Corporation

Pro Forma Condensed Combined Statement of Operations

(In thousands except per share data)

(unaudited)

For the Twelve Months Ended December 31, 2006

				Sale of
				Network			Company
	Company			Infrastructure			Pro Forma
	Historical (2)			Division			Combined
Revenues	$	99,606		$	(3,632	)	$	95,974
Cost of revenues	36,046			(2,980		)(h)	33,066
Gross Profit	63,560			(652		)	62,908
Operating expenses:
Selling, general and administrative	48,849			(4,582		)(h)	44,267
Research and Development	25,699			(3,901		)(h)	21,798
Restructuring and other related charges	5,469						5,469
Total operating expenses	80,017			(8,483		)	71,534
Operating Income (Loss)	(16,457		)	7,831			(8,626		)
Other income (expense):
Interest income	1,730						1,730
Other	(786		)				(786		)
Other income (expense), net	944						944
Loss before income taxes	(15,513		)	7,831			(7,682		)
Income tax expense	238						238
Net Loss	$	(15,751	)	$	7,831		$	(7,920	)
Basic and diluted loss per share	$	(0.33	)				$	(0.16	)
Weighted average basic and diluted shares outstanding	48,467						48,467

(1) As reported in NMS Communications’ audited annual report on Form 10-K for the year ended December 31, 2006.

NMS Communications Corporation

Pro Forma Condensed Combined Statement of Operations

(In thousands except per share data)

(unaudited)

For the Twelve Months Ended December 31, 2005

			Sale of
			Network			Company
	Company		Infrastructure			Pro Forma
	Historical (2)		Division			Combined
Revenues	$	109,474	$	(915	)	$	108,559
Cost of revenues	39,420		(1,930		)(h)	37,490
Gross Profit	70,054		1,015			71,069
Operating expenses:
Selling, general and administrative	39,929		(4,489		)(h)	35,440
Research and Development	26,140		(4,180		)(h)	21,960
Total operating expenses	66,069		(8,669		)	57,400
Operating Income	3,985		9,684			13,669
Other income (expense):
Interest income (expense), net	765					765
Other	590					590
Other income (expense), net	1,355					1,355
Income before income taxes	5,340		9,684			15,024
Income tax expense	368					368
Net Income	$	4,972	$	9,684		$	14,656
Basic earnings per share	$	0.10				$	0.31
Weighted average basic shares outstanding	47,884					47,884
Diluted earnings per share	$	0.10				$	0.30
Weighted average diluted shares outstanding	48,285					48,285

(1) As reported in NMS Communications’ audited annual report on Form 10-K for the year ended December 31, 2006.

NMS Communications Corporation

Pro Forma Condensed Combined Statement of Operations

(In thousands except per share data)

(unaudited)

For the Twelve Months Ended December 31, 2004

				Sale of
				Network			Company
	Company			Infrastructure			Pro Forma
	Historical (2)			Division			Combined
Revenues	101,512			(313		)	101,199
Cost of revenues	38,052			(557		)(h)	37,495
Gross Profit	63,460			244			63,704
Operating expenses:
Selling, general and administrative	33,776			(3,278		)(h)	30,498
Research and Development	23,884			(4,696		)(h)	19,188
Total operating expenses	57,660			(7,974		)	49,686
Operating Income	5,800			8,218			14,018
Other income (expense):
Interest income (expense), net	(963		)				(963		)
Other	(669		)				(669		)
Other income (expense), net	(1,632		)				(1,632		)
Income before income taxes	4,168			8,218			12,386
Income tax expense	66						66
Net Income	$	4,102		$	8,218		$	12,320
Basic earnings per share	$	0.09					$	0.28
Weighted average basic shares outstanding	44,709						44,709
Diluted earnings per share	$	0.09					$	0.26
Weighted average diluted shares outstanding	46,894						46,894

(1) As reported in NMS Communications’ audited annual report on Form 10-K for the year ended December 31, 2006.

NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

Pro forma adjustments reflect only those adjustments which are supportable and directly attributable to the transaction and do not include the impact of contingencies. Pro forma adjustments include the following:

(a)   Reflects the cash proceeds from Verso from the sale of the Network Infrastructure (NI) division.

(b)   Reflects the amount of estimated cash payments to employees under the terms of employment, bonus and severance arrangements, and other transaction costs upon sale of the NI division.

(c)   Reflects the Fair Market Value of common stock proceeds from the sale of the NI division on the date of closing, December 21, 2007.  This calculation is equivalent to 5,374,033 multiplied times the closing price of Verso Technologies, Inc. common stock on December 21, 2007 ($0.35 per common share).

(d)   Reflects the carrying value of NI division inventory.

(e)   Reflects the carrying value of NI division fixed assets.

(f)    Reflects the amount of NI division deferred Maintenance and Support revenue.

(g)   Reflects the estimated net gain of the sale of the NI division as if the transaction had closed September 30, 2007, calculated as cash proceeds of $850,000, plus the fair market value of Verso common stock on the Closing Date of $1,881,000, less estimated employee and transaction costs of $1,033,000 and net assets sold of $161,000.

(h)   Excludes corporate overhead costs previously allocated to the NI division that will remain with NMS Communications subsequent to the sale of the NI division.