Oracle Corp. (ORCL: Quote) reported signing an agreement to acquire Tekelec (TKLC: Quote), a provider of network signaling, policy control, and subscriber data management solutions for communications networks, for undisclosed terms. The proliferation of smart devices, mobile applications, and connected services has resulted in an exponential increase in network signaling and data traffic, according to Oracle.
Service providers require intelligent network control technologies to address these increased network workloads and to deploy and monetize cloud and over-the-top services.
The company said Tekelec's network signaling, policy control and subscriber data management solutions complement Oracle Communications' mission-critical operational support systems, service delivery platforms, and business support systems, and are likely 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 would enable service providers to engage with customers, improve operations, control network resources and deploy innovative communications services.
| || |
| To receive FREE breaking news email alerts for Oracle Corp. and others in your portfolio|
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org