Tekelec on Thursday announced closing the acquisition of Steleus Group Inc., a company providing network-related intelligence to telecommunications operators, for approximately $55 million in cash.
Steleus, which is noted for its GPRS and VoIP solutions, supplies applications operators can use to ensure quality of service, detect fraud and analyze customer behavior and service usage.
Tekelec, a developer of telecommunications signaling and switching solutions for carriers, previously had agreed to buy Steleus for $29 million in cash and $27 million in stock. All other terms of the acquisition are consistent with those terms Calabasas, Calif.-based Tekelec announced a few months ago.
"The acquisition expands Tekelec's portfolio of value-added applications with real-time monitoring and management capabilities for legacy and next-generation networks, helping operators around the globe lower risk, reduce time to market for new services and realize significant cost savings,” Tekelec President and CEO Fred Lax said in a statement.
Tekelec says Steleus will form the foundation of its new Communications Software Solutions business unit. The group, which will be led by Steleus CEO Rick Mace, will include current Tekelec applications.
