Tekelec, known for its work in session control and network management services, is broadening its business strategy with the acquisition of Camiant for $130 million and Blueslice Networks for $35 million. The company said it will leverage the synergies of these two firms, thereby giving it the ability to provide operators with differentiated broadband data services.
Tekelec's acquisition of Camiant is expected to close within a week. Camiant, a Fierce 15 2009 winner, provides policy control software and bandwidth management systems for broadband, which dials back a subscriber's usage to 2G levels during times of heavy congestion. At other times, users can exceed their usage caps at full 3G bandwidth. This "soft cap" gives operators the ability to manage high-use periods while offering an upgrade path for customers who want to pay for higher speeds during peak traffic hours. Camiant customers include Vodafone, Sprint Nextel (NASDAQ:S), Comcast and Cox Communications.
The firm's purchase of Blueslice, which closed May 5, called for Tekelec to pay $35 million in cash and an additional $1.5 million in cash to certain Blueslice employees upon the achievement of certain milestones. In addition, the company will grant certain Blueslice employees stock for shares having an aggregate value of approximately $2 million. Blueslice has a subscriber data management solution that lets VoIP, fixed-mobile convergence and M2M providers share information across 2G, 3G, IMS and LTE networks. The company has 19 customers worldwide.
For more:
- see this release
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