Science & Technology
Science and Technology
Science and Technology
Wed, May 12, 2010
Tue, May 11, 2010 Tekelec Appoints Susie Kim Riley, Founder and CTO of Camiant, as Chief Marketing Officer
MORRISVILLE, NC--(Marketwire - May 11, 2010) - [ Tekelec ] (
Tekelec closed the Camiant acquisition on Friday, May 7. The deal brings 30 fixed and mobile broadband policy control customers to Tekelec, including Verizon, Verizon Wireless, Vodafone, Sprint, Comcast and Cox Communications.
In Riley's new position, she will continue to drive policy innovation and the product synergies across mobile and fixed networks with the overall goal of providing the industry with the best-in-class control plane solutions. Tekelec is now the only player in the industry to uniquely blend and capture the synergies among session, policy, subscriber data management, network and business intelligence, and mobile messaging.
"Susie and the Camiant team introduced a new generation of solutions for service providers to manage advanced Internet-based services over broadband networks," said Frank Plastina, Tekelec's president and CEO. "She is the strongest voice for policy control in the industry and will be an asset to customers' efforts to truly capture the value of their network assets and offer compelling new services."
Since founding Camiant in 2003, Riley has been well recognized as the thought leader and key advocate for policy control. She brings more than 15 years of technology innovation and development focused primarily around quality of service and networking, including the early development of routing technology, network processors and policy. Prior to Camiant, she held technical and management leadership roles at ADC Telecommunications (through its acquisition of Broadband Access Systems), Maker Communications/Conexant and Proteon. She holds a Bachelor of Science degree in Electrical Engineering from Cornell University.
About Tekelec
Tekelec, the session and mobile data management company, enables billions of people and devices to surf, talk, and text. Our solutions allow service providers to dynamically manage network resources and services, while providing end users with a consistent and personalized customer experience. We handle the complexity of today's multi-generational and multi-vendor networks by enabling devices, protocols, services, and databases to securely and efficiently communicate with each other. Tekelec has more than 30 offices around the world serving more than 300 customers in more than 100 countries. For more information, please visit [ www.tekelec.com ].
Forward-Looking Statements
Certain statements made in this press release, including, without limitation, statements regarding the expected completion of the Camiant acquisition and the expected benefits to the Company from the Camiant and Blueslice Networks acquisitions, are forward-looking, reflect the Company's current intent, belief or expectations and involve certain risks and uncertainties. The Company's actual future performance may differ materially from such expectations as a result of important risk factors, which include, in addition to those identified in the Company's 2009 Form 10-K, 2010 First Quarter Form 10-Q and its other filings with the Securities and Exchange Commission, our ability to integrate the products, employees, operations and intellectual property of Tekelec, Camiant and Blueslice Networks, our ability to retain existing and attract new customers for Tekelec, Camiant and Blueslice Networks, the extent to which the market for independent control plane equipment and functionality grows, our ability to retain the employees of acquired companies, the current or further detrimental changes in general economic, social, or political conditions in the countries in which we operate including the impact of credit availability and currency fluctuations on overall capital spending by our customers, our ability to integrate and gain the benefits we expect from the acquisition of Blueslice Networks and the planned acquisition of Camiant announced today and our ability to close the acquisition of Camiant on a timely basis, the timeliness and functional competitiveness of our product releases, the risk of infringing and litigating with others regarding their intellectual property rights, the extent to which any customer outsourcing to our competitors or supplier consolidation increases the influence of competitors on our customers' purchases, our ability to compete with other manufacturers that have lower cost bases than ours and/or are partially supported by foreign governments or employ other unfair trade practices, our ability to protect intellectual property rights, our ability to maintain OEM, partner, reseller, and vendor support and supply relationships, and changes in the market price of the Company's common stock. The Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
