Siris-Led Group Buys Mobile Data Co. Tekelec For $780M

Law360, New York (November 7, 2011, 12:47 PM EST) -- Siris Capital Group LLC, the new private equity spinoff of SAC Capital Advisors LP, is leading an investor group in the $780 million acquisition of mobile data services provider Tekelec Inc., the firm announced Monday.

Tekelec, which counts AT&T Inc. and Verizon Communications Inc. among its 300-plus global customers, helps keep mobile networks running smoothly as customers' appetites for data continue to grow.

“Tekelec presents a unique opportunity to acquire market-leading products in the signaling, policy and diameter routing markets," said Merle Gilmore, the former president...
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