Morrisville, NC (Tuesday, February 05, 2008)
Further solidifying its leadership position in Session Initiation Protocol (SIP), Tekelec (NASDAQ:TKLC) today announced it has recently acquired substantially all of the assets of Estacado Systems, LLC, a software development company led by a team that has been instrumental in the creation of Session Initiation Protocol (SIP) and a number of its advanced features.
“As the world leader in signaling, Tekelec is known for innovation and aggressive R&D investment,” said Frank Plastina, president and CEO, Tekelec. “As networks continue to migrate, our customers depend on us to provide them with the industry’s most advanced signaling solutions. With this acquisition, we’re extending our depth in SIP-based intellectual property – bringing some of the industry’s most talented and well known SIP experts in house – to accelerate the development of next-generation and IMS solutions for our customers.”
Estacado Systems was established in 2004 by a team of SIP pioneers including Ajay Deo, Ben Campbell, Adam Roach and Robert Sparks. Members of the company’s executive team are key players in the industry, promoting SIP as the broadly accepted standard for next-generation signaling. They continue to serve on the SIP Forum and chair several Internet Engineering Task Force (IETF) working groups, along with authoring over 20 Requests for Comment (RFCs). Their deep expertise also includes SIMPLE-based presence and instant messaging and broadband VoIP networking. In addition, they have substantial experience in related technologies, such as 3GPP IMS subsystems. The core team also contributed to the design, development and deployment of one of the earliest IMS networks in the United States.
The Estacado team, which will remain based in Dallas, Texas, complements Tekelec’s world-class engineering talent and the earlier acquisition of iptelorg GMBH, while bolstering the company’s arsenal of next-generation signaling solutions.
About Tekelec
Tekelec leverages its global leadership in core multimedia session control and network intelligence to ensure scalable, secure and highly available communications. The company’s leading signaling solutions enable the interworking of different network applications, technologies and protocols, providing a smooth transition to next-generation networks. Corporate headquarters are located near Research Triangle Park in Morrisville, N.C., U.S.A., with research and development facilities and sales offices throughout the world. For more information, please visit www.tekelec.com.
Forward-looking Statements
Certain statements made in this press release are forward looking, reflect the Company's current intent, belief or expectations, and involve certain risks and uncertainties. The Company's actual future results may not meet the Company's expectations. Factors that may cause future results to differ materially from the Company's current expectations, in addition to those identified in the Company’s Annual Report on Form 10-K for 2006 and its other filings with the Securities and Exchange Commission, include, among others, the customer demand for SIP-based products and the company’s ability to protect its intellectual property rights. The Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
