Oracle Buys Telecoms Data Management Firm, Tekelec
Published on: 25th Mar 2013
Note -- this news article is more than a year old.
By: Ian Mansfield
Oracle has announced that it is buying Tekelec a provider of network signaling policy control and subscriber data management solutions for telecoms networks.
Terms of the agreement are not being disclosed, but the company was taken private last year in a deal that valued the company at around USD780 million at the time.
Tekelec's technology is currently utilized by more than 300 service providers in over 100 countries.
Oracle said that Tekelec's network signaling (Diameter and SS7), policy control and subscriber data management solutions complement its existing operational support systems, service delivery platforms, and business support systems.
"In an increasingly mobile and social world, customer experience is about optimizing network performance and personalizing services based on what engages, moves, and inspires people," said Ron de Lange, president and CEO, Tekelec. "Together with Oracle, we expect to accelerate the pace of service innovation by helping service providers transform the way they manage and monetize the explosive growth in signaling and data traffic on their networks."