SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 16, 2003

VERTEL CORPORATION

(Exact Name of Registrant as Specified in Charter)

California	0-19640	95-3948704

(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

21300 Victory Boulevard, Suite 700, Woodland Hills, California			91367

(Address of principal executive offices)			(Zip Code)

Registrant’s telephone number, including area code: (818) 227-1400

N/A

(Former name or former address, if changed since last report)

Item 5.

Other Events and Required FD Disclosure.

Pursuant to four six-month term Secured Promissory Notes and a related Security Agreement, each dated April 16, 2003, Vertel Corporation, a California corporation, raised gross proceeds of $210,000 for additional working capital.

Item 7	FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

	(c)	EXHIBITS.

	10.1	Secured Promissory Note, dated April 16, 2003, between Vertel Corporation and North Sound Legacy Fund LLC in the amount of $4,300.

	10.2	Secured Promissory Note, dated April 16, 2003, between Vertel Corporation and North Sound Legacy Institutional Fund LLC in the amount of $48,400.

	10.3	Secured Promissory Note, dated April 16, 2003, between Vertel Corporation and North Sound Legacy International LLC in the amount of $47,300.

	10.4	Secured Promissory Note, dated April 16, 2003, by and among Vertel Corporation and SDS Merchant Fund, L.P. in the amount of $110,000.

	10.5	Security Agreement, dated April 16, 2003, by and among Vertel Corporation, SDS Merchant Fund, L.P., North Sound Legacy Fund LLC, North Sound Legacy Institutional Fund LLC and North Sound Legacy International LLC.

-2-

SIGNATURES

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.

	VERTEL CORPORATION
	(Registrant)

Date: April 23, 2003	By:	/s/ MARC E. MAASSEN

		Marc E. Maassen President and Chief Executive Officer

-3-

INDEX TO EXHIBITS

Exhibit No		Description


10.1		Secured Promissory Note, dated April 16, 2003, between Vertel Corporation and North Sound Legacy Fund LLC in the amount of $4,300.

10.2		Secured Promissory Note, dated April 16, 2003, between Vertel Corporation and North Sound Legacy Institutional Fund LLC in the amount of $48,400.

10.3		Secured Promissory Note, dated April 16, 2003, between Vertel Corporation and North Sound Legacy International LLC in the amount of $47,300.

10.4		Secured Promissory Note, dated April 16, 2003, by and among Vertel Corporation and SDS Merchant Fund, L.P. in the amount of $110,000.

10.5		Security Agreement, dated April 16, 2003, by and among Vertel Corporation, SDS Merchant Fund, L.P., North Sound Legacy Fund LLC, North Sound Legacy Institutional Fund LLC and North Sound Legacy International LLC.

-4-

VERTEL CORP 8-K