Telcordia Technologies finally has its new owner, after Providence Equity Partners and Warburg Pincus completed its purchase of the OSS vendor from former parent company Science Applications International Corporation (SAIC).
Telcordia executives have been stressing for some time now their enthusiasm to have owners that reflect their own ambition. The company operates across the OSS space for mobile operators, and has been working in partnership with other vendors in many areas. Further consolidation is expected in the OSS area, and Telcordia insiders are hoping the new owner’s will make funds available to allow Telcordia, a former BellLabs company, to be one of the consolidating forces.
“Telcordia is a true market leader with a unique combination of people, technology, customers and experience,” said Mark Pelson, a managing director of Providence Equity Partners. “We look forward to working with management and Warburg to expand Telcordia’s global customer base and further its leadership in the industry.”
