REDWOOD SHORES, CA--(Marketwire - Mar 25, 2013) - Oracle (NASDAQ: ORCL)
Oracle today announced that it has entered into an agreement to acquire Tekelec, a leading provider of network signaling, policy control, and subscriber data management solutions for communications networks.
The proliferation of smart devices, mobile applications, and connected services has led to an exponential increase in network signaling and data traffic. Service providers require intelligent network control technologies to address these increased network workloads as well as to deploy and monetize cloud and over-the-top services.
Tekelec's technology enables service providers to deliver, control and monetize innovative and personalized communications services and is utilized by more than 300 service providers in over 100 countries.
Tekelec's network signaling (Diameter and SS7), policy control and subscriber data management solutions complement Oracle Communications' mission-critical operational support systems, service delivery platforms, and business support systems, and are expected to help service providers efficiently allocate and monetize network resources.
By combining Tekelec with leading capabilities from Oracle Communications and Acme Packet*, Oracle expects to provide the most complete communications offering that will enable service providers to engage with customers, improve operations, control network resources and deploy innovative communications services.
Terms of the agreement were not disclosed. More information on this announcement can be found at http://www.oracle.com/tekelec.
*Pending Acme Packet transaction close.
"As connected devices and applications become ubiquitous, intelligent network and service control technologies are required to enable service providers to efficiently deploy all-IP networks, and deliver and monetize innovative communication services," said Bhaskar Gorti, senior vice president and general manager, Oracle Communications. "The combination of Oracle and Tekelec will provide service providers with the most complete solution to manage their businesses across customer engagement, business and network operations, service delivery and end user applications."
"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."
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This document is for informational purposes only and may not be incorporated into a contract or agreement.
Oracle is currently reviewing the existing Tekelec product roadmap and will be providing guidance to customers in accordance with Oracle's standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle's review of Tekelec's product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by Tekelec or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. It is intended for information purposes only, and may not be incorporated into any contract.
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements about Oracle and Tekelec including statements that involve risks and uncertainties concerning Oracle's proposed acquisition of Tekelec's, anticipated customer benefits and general business outlook. When used in this document, the words "anticipates," "can," "will," "look forward to," "expected," and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Tekelec that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business may deteriorate and/or Oracle or Tekelec may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Tekelec. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor Tekelec is under any duty to update any of the information in this document.