Tekelec agreed to acquire privately held Steleus Group, a real-time performance management company whose core business is to supply network-related intelligence to telecom operators. Steleus' open system generates key performance indicators, quality indicators and business indicators for telecom traffic. The indicators can be used to trigger traffic alarms in real time. The companies said 100 operators in over 35 countries benefit from Steleus solutions. Steleus' GPRS monitoring solution has also been implemented by several customers.
As strategic partners, Tekelec and Steleus have collaborated on commercial deployments with tier one, two and three operators. The company and its personnel and products will form the cornerstone of Tekelec's new Communications Software Solutions business unit, which also will include existing Tekelec applications, and will be led by Rick Mace, current president, CEO and Chairman of the Board of Steleus.
Tekelec will purchase 100% of Steleus' outstanding stock for approximately $56 million, consisting of approximately $29 million of cash and $27 million of Tekelec's stock. The acquisition is expected to close in Tekelec's fiscal fourth quarter, pending regulatory and contractual requirements.
Tekelec said the acquisition reinforces its commitment to offer a wide range of applications to further enhance and differentiate the its next-gen switching and signaling products. http://www.tekelec.comhttp://www.Steleus.com
- Earlier this year, Tekelec acquired Taqua, a provider of next-generation Class 5 packet switching systems, for approximately $85 million cash, plus the assumption of Taqua's outstanding options. Taqua's Class 5 switching solution is optimized for the small switch service provider market. A small switch is defined as serving under 5,000 lines.
- In June 2003, Tekelec completed its merger with Santera Systems, which developed an integrated voice and data switching platform for delivering Class 4/5 services, PRI offload, packet/cell switching and voice over broadband services.
