Tekelec (Calabasas, CA), a developer of telecommunications switching and signaling products for fixed, mobile and next-generation networks, announced that it has entered into a definitive agreement to acquire privately held telecommunications solution provider, Steleus Group Inc. Tekelec is purchasing the company to advance its network and service performance management capabilities, enhance its applications portfolio, and extend the company's global reach.
Steleus is a real-time performance management company that supplies network-related intelligence to telecom operators. 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.
