Enterprise software giant Oracle is acquiring Tekelec, a company specializing in network signaling, policy control, and subscriber data management solutions, Oracle announced today.
Tekelec's offerings help telecom service providers manage and monetize mobile data, and the company has more than 300 service provider customers in more than 100 countries.
The transaction will further bolster Oracle's presence in the telecommunications market and will complement its proposed acquisition of Acme Packet, which was announced last month and has yet to close. Oracle said that combining the two companies with its Oracle Communications capabilities will offer a complete suite of services for customers looking to improve operations and control network resources.
Financial terms of the Tekelec transaction were not disclosed. The transaction is expected to close in the first half of 2013.
The article Oracle to Acquire Network Signaling Company Tekelec originally appeared on Fool.com.Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool recommends Acme Packet. The Motley Fool owns shares of Oracle.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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