Siris Capital Group completes sale of Tekelec to Oracle
On June 10, 2013, Tekelec Global, Inc. (“Tekelec” or the “Company”), a portfolio company of Siris Capital Group, LLC (“Siris”), and Oracle Corporation (“Oracle”) announced the consummation of the transaction previously announced on March 25, 2013. Terms of the transaction were not disclosed.
Tekelec is a leading provider of network signaling, policy control, and subscriber data management solutions to both wireless and wireline service providers. The Company’s intelligent mobile broadband solutions enable service providers to manage and monetize mobile data and voice services in LTE, IMS and 3G networks.
About Siris Capital Group
Siris is a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies in North America. Siris, coupled with its active limited partner co-investment program, targets complex, special situations from $250 million to $1 billion. Integral to Siris' investment approach is its partnership with exceptional senior operating executives, or Executive Partners, who work exclusively with Siris to identify, validate and operate investment opportunities. Their significant involvement allows Siris to focus on complex, special situations; typically businesses caught in the midst of a technology transition, which creates operational, strategic, and financial challenges. www.siriscapital.com