The acquisition nearly doubles TEOCO’s market size.
TEOCO Corporation, a US-based provider of cost, routing and revenue management solutions has completed the previously announced acquisition of the Israeli-based OSS supplier.
Pursuant to the terms of the merger agreement, which was approved by TTI Telecom’s shareholders on July 22, 2010, TTI Telecom has become a private company and each outstanding ordinary share and preferred share of TTI Telecom has been automatically converted into the right to receive US$ 3 in cash, without interest and less any applicable withholding taxes.
The acquisition nearly doubles TEOCO’s market size, expands its reach geographically and enhances its strength in real-time network assurance. In addition, TEOCO gains valuable expertise in LTE and 4G networks, enabling its clients to address the challenges and reap the benefits of today’s data-centric networks. TTI’s employees, assets and solutions will be integrated with TEOCO, providing greater value for its clients, and further strengthening the company’s position as a provider of Management, Routing Management, Revenue Assurance and now Service Assurance for the world’s leading service providers.
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