Oracle Inks Deal For Mobile Data Services Co.

Law360, Los Angeles (March 25, 2013, 6:01 PM EDT) -- Oracle Corp. has entered into an agreement to acquire Siris Capital Group LLC's mobile data services provider Tekelec Inc., Oracle announced Monday, pointing to the proliferation of smart devices and an exponential increase in network signaling and data traffic as motivators.

The acquisition comes less than two months after Redwood Shores, Calif.-based Oracle announced it would buy session border control technology provider Acme Packet for $1.7 billion, saying the addition to its communications portfolio would enable service providers to deliver solutions that will change the way...
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