The Firm is representing Tekelec Global, Inc. (“Tekelec”) in its announced acquisition by Oracle Corporation (NASDAQ: ORCL). In connection with the acquisition, Oracle plans to integrate Tekelec’s solutions into its Communications portfolio, which will enable service providers to improve operations and control network resources. Terms of the agreement were not disclosed. The close of the transaction is subject to customary closing conditions and approvals.
Tekelec is a leading provider of network signaling, policy control and subscriber data management solutions for communications networks. Tekelec connects people and devices to the mobile Internet, with more than 300 service providers serving customers in over 100 countries.
The Simpson Thacher team includes Dan Clivner, Vijay Sekhon, Justin Yi, Matt Reichstein and Judy Yan (M&A); Tristan Brown and Linda Barrett (Executive Compensation and Employee Benefits); Katharine Moir and Dan Foster (Tax); Lori Lesser and Marcela Robledo (Intellectual Property); Christopher Brown and Adam Shapiro (Credit); Matt Reilly, Michael Naughton and William Kearney (Antitrust); and Steven DeLott (Insurance).
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