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    Network performance addition


    Tekelec today announced it is set to buy privately held Steleus Group, to advance its network and service performance management caipabilities, enhance its applications portfolio and extend the company’s global reach.

    Steleus is a performance management company that supplies network-related intelligence to telecom operators. Tekelec will purchase 100% of Steleus’ outstanding stock for approximately $56 million, consisting of approximately $29 million of cash and $27 million of Tekelec’s stock. The acquisition is expected to close in Tekelec’s fiscal fourth quarter, pending regulatory and contractual requirements.
    As strategic partners, Tekelec and Steleus have collaborated on ommercial deployments with tier one, two and three operators. The company and its personnel and products will form the cornerstone of Tekelec’s new Communications Software Solutions business unit, which also will include existing Tekelec applications, and will be led by Rick Mace, current president, CEO and Chairman of the Board of Steleus.