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Telcordia Names New CEO

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PISCATAWAY, N.J. -- Telcordia announced today that Daniel J. Carroll has been appointed President and Chief Executive Officer (CEO). Mr. Carroll will also serve as a member of the Telcordia Board of Directors. Matthew J. Desch will serve the company as Non-Executive Chairman. With the transformation of Telcordia into an independent, global OSS and network services leader complete, these moves will enable the company to seamlessly continue its evolution and global expansion into new markets.

Most recently, Mr. Carroll was Chief Operating Officer of the Business Communications Services Division at Lucent Technologies, where he was responsible for a $7 billion global business that provided telecommunications systems to large and small business enterprises. Mr. Carroll, a professional engineer who played an instrumental role in the development of the first VOIP switch for the Lucent division that later became Avaya, spent 35 years with the AT&T, Western Electric and the Lucent family of companies.

Dan Stanzione, a Telcordia Director and former colleague of Mr. Carroll at Lucent Technologies, commented, "We are at what is both a very exciting and challenging time in the history of communications. Dan Carroll is a great fit to help lead Telcordia and its customers to success." He added, "We are also extremely grateful to Matt for his dedication and leadership in building Telcordia into the business it is today. We look forward to continuing our relationship with him."

Mr. Carroll said, "I am very pleased to have the opportunity to join Telcordia as President and CEO. Given both its strong commitment to customer service, quality and technical innovation and its recent evolution to an independent company, I am excited about the promising potential of the business."

Affiliates of Warburg Pincus and Providence Equity Partners jointly acquired Telcordia from SAIC earlier this year.

Telcordia Technologies Inc.

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