Telcordia Technologies Inc. has
finally put its money where its mouth is and made a meaningful acquisition (see
Telcordia Acquires Granite).
Having long stated its intention to expand through acquisitions, buying
Granite Systems Inc., one of the leading inventory management systems vendors, puts some flesh on that strategy (see
Granite Claims Rock Solid 2003,
Telcordia's on the Prowl and
Telcordia Dabbles With Dax). It also gives Telcordia a strong foothold in what is probably the hottest OSS market at present (see
Report Names Inventory OSS Winners).
In a conference call today, Telcordia CEO Matt Desch wouldn't reveal the purchase value, saying only that it was a cash deal and that it wasn't a "distressed sale -- we paid a premium." Industry analyst Mark Basham at
OSS Observer reckons the deal will have been in the $75 million to $100 million range, and that this is a good deal for Telcordia in a number of ways.
To find out more about this acquisition,
click on this link for the full article on
Boardwatch.
— Ray Le Maistre, International Editor,
Boardwatch
