Oracle to Acquire Siris’ Tekelec Global

Oracle Corporation is to acquire Tekelec Global, a portfolio company of Siris Capital Group. Terms of the transaction were not disclosed and closing is subject to certain closing conditions and regulatory approvals. Tekelec is a provider of network signaling, policy control, and subscriber data management solutions to both wireless and wireline service providers.

PRESS RELEASE

On March 25, 2013, Tekelec Global, Inc. (“Tekelec” or the “Company”), a portfolio company of Siris Capital Group, LLC (“Siris”), announced that it has signed a definitive agreement pursuant to which Oracle Corporation (“Oracle”) will acquire the Company. Terms of the transaction were not disclosed and closing is subject to certain closing conditions and regulatory approvals.

Tekelec is a leading provider of network signaling, policy control, and subscriber data management solutions to both wireless and wireline service providers. The Company’s intelligent mobile broadband solutions enable service providers to manage and monetize mobile data and voice services in LTE, IMS and 3G networks.

The original “take-private” acquisition of Tekelec in January 2012, by a consortium led by Siris, including affiliates of Comvest Partners, funds and accounts managed by GSO Capital Partners LP, Sankaty Advisors LLC, ZelnickMedia and other Siris limited partners and affiliates, was the result of a targeted search led by the Siris principals and Executive Partners – Merle Gilmore, Roderick Randall and Richard Mace.

Siris’ investment thesis was focused on the explosive growth in mobile data traffic and identifying telecommunications and technology businesses that were making the transition from providing technology for the existing 2G/3G networks to the higher growth 4G LTE networks. During Siris’ ownership, the Company has successfully implemented operational and structural improvements, including disposing of non-core assets, refocused the Company’s R&D and strategic roadmap, and increased the Company’s visibility and industry profile in the dynamic and expanding 4G LTE Diameter signaling network ecosystem.

Goldman, Sachs & Co. and Evercore Partners are acting as financial advisors and Simpson Thacher & Bartlett LLP and Smith Anderson are acting as legal counsel to Tekelec.