On March 25, 2013, Oracle announced that it has agreed to acquire Tekelec, a leading provider of network signaling, policy control, and subscriber data management solutions for communications networks. The transaction is subject to customary closing conditions and approvals. Until the transaction closes, Oracle and Tekelec will continue to operate independently, and it is business as usual. The transaction is expected to close in the first half of 2013.
The proliferation of smart devices, mobile applications, and connected services has led to an exponential increase in network signaling and data traffic. To address these increased network workloads, and monetize cloud, over-the-top, and personalized services, service providers require intelligent network control technologies.
Tekelec's technology enables service providers to deliver, control and monetize innovative and personalized communications services. The company's solutions are deployed by more than 300 service providers in over 100 countries.
Oracle plans to make Tekelec's network signaling, policy control and subscriber data management solutions a part of its Oracle Communications portfolio to help service providers efficiently allocate network resources and monetize personalized communications services. Oracle anticipates that the combination of Tekelec, Acme Packet* and Oracle Communications will create the industry's most complete portfolio spanning Customer Relationship Management, Business and Operational Support Systems, Service Delivery Platforms, Network and Service Control, and end-user applications. This will enable service providers to rapidly create and deploy innovative communications services, engage customers, improve operations, and control network resources.
The Tekelec management team and employees are expected to join the Oracle Communications Global Business Unit and continue their focus on delivering excellence to service providers after the transaction closes.
Senior Vice President and General Manager
* Pending Acme Packet transaction close.
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, 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.