Tekelec
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| Type | Public (NASDAQ:TKLC) |
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| Industry | telecommunication-equipment manufacturing |
| Founded | Calabasas, California (1971) |
| Headquarters | Morrisville, North Carolina |
| Key people | Hubert de Pesquidoux, Chairman Ronald J. de Lange, President and CEO Gregory Rush, Senior Vice President, CFO |
| Products | Session Management, Diameter Signaling Router, Policy Management, Subscriber Data Management, Performance Intelligence Center, Mobile Messaging |
| Employees | 1250 (2010) |
| Website | www.tekelec.com |
Tekelec, Inc. is a United States company (NASDAQ:TKLC), founded 1971 in California, but now headquartered in Morrisville, North Carolina. Tekelec produces hardware and software solutions for telecoms - land line, mobile and data.
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[edit] Corporate History
[edit] Jean-Claude Asscher
In 1961, Jean-Claude Asscher founded Tekelec-Airtronic, SA, a French electronics company with emphasis on the aviation industry. Jean-Claude Asscher serves as the president and chairman of the board of directors of Tekelec-Airtronic, SA.
In 1979, Jean-Claude Asscher founded Tekelec, Inc. as a North American company specializing in telecommunications products, such as telecommunications test equipment initially. Tekelec was initially financed by proceeds earned by Jean-Claude Asscher through Tekelec-Airtronic.
For many years, Jean-Claude Asscher was president, CEO, and chairman of the board of directors of both Tekelec-Airtronic and Tekelec. In recent years Jean-Claude Asscher has served as only chairman of Tekelec's board of directors while continuing to be the president of Tekelec-Airtronic's board of directors as well as its chairman.
[edit] Franco (Frank) Plastina
Franco Plastina joined Tekelec and served as President and Chief Executive Officer and as a director in February, 2006. Plastina stepped down from his position as President and CEO of Tekelec in January 2011 following poor results where sales of the main product line, Eagle, dropped off much more sharply than expected, before replacement products (such as policy) became fully available. Krish Prabhu, a member of the Board of Directors, was appointed Interim President and CEO.
[edit] Ronald J. de Lange
Ronald J. de Lange joined Tekelec in July 2005 and most recently served as executive vice president Global Business Solutions before being promoted to CEO in May 2011. He is a 24-year veteran of Lucent Technologies, where he held a number of leadership roles. In his most recent position as vice president of Convergence Solutions, he led merger, acquisition and integration efforts. He directed next-gen strategy, devising cross-functional convergence solutions and has managed a number of functions, including sales, marketing, manufacturing and finance
[edit] Acquisitions
May 6, 2010: Tekelec announced agreements to acquire policy control leader Camiant and evolved subscriber data management (SDM) company Blueslice Networks. The Blueslice acquisition was complete May 5, 2010. The Camiant acquisition was completed May 7, 2010.
December 17, 2008: Tekelec acquired mBalance, a Netherlands-based developer of mobile messaging solutions.
February 5, 2008: Tekelec 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.[1]
August 3, 2005: Tekelec purchased German and Czech-based iptelorg GmbH, developer of leading-edge Session Initiation Protocol (SIP) routing software, securing a critical IP Multimedia Subsystem (IMS) capability for Tekelec.
[edit] Number Portability Leadership
Industry research and consultancy firm Analysys Mason named Tekelec as the global market leader with 35 percent market share of real-time connection number portability solutions.[2]
In 2008, Tekelec's number portability solution was deployed in carriers serving 750 million subscribers, out of more than two billion global subscribers who had number porting capability and as of March 2009, Tekelec had 79 number portability customers in 28 countries, and most recently announced delivery of number portability solutions to T-Mobile Germany.
[edit] Diameter Routing Leadership
In March 2011, Tekelec's Diameter Signaling Router was recognized by the Frost & Sullivan "New Product Innovation Award, Diameter Routing" for its superior ability to help operators overcome Diameter signaling challenges in LTE networks. Frost & Sullivan independently identified Diameter Routing as a new award category due to at least 60 LTE networks anticipated to be in commercial service by the end of 2012, creating "rapid uptake in Diameter signaling." [3]
In October 2010, it was announced that MetroPCS selected Tekelec's Diameter Signaling Router for deployment in the first U.S. LTE network.[4]
[edit]
On January 6, 2011 a securities fraud class action lawsuit was filed on behalf of Tekelec investors. The lawsuit alleges that Tekelec misled the investing public about its business dealings in emerging markets (namely India), thereby inflating the price of TKLC stock.[5] The lawsuit claims that these misleading statements made by Tekelec amount to a violation of US securities laws, and caused significant financial losses to holders of Tekelec stock.[6]
The share price in Q4 2010 ran at about 18 dollars. By the start of Q2 2011, the share price ran at about 7.75 dollars.
[edit] References
- ^ Estacado Systems Acquired By Tekelec
- ^ [1]
- ^ "Tekelec Recognized by Frost & Sullivan with New Product Innovation Award as #1 Provider for Diameter Routing". http://www.tekelec.com/news-&-events/prDetail.asp?prID=925.
- ^ [2]
- ^ http://www.tekelec-tklc-lawsuit.com/tekelec-tklc-securities-fraud-class-action-lawsuit.html
- ^ http://www.tekelec-tklc-lawsuit.com/
