Telcordia for Sale

    

The Wall Street Journal reports that Telcordia, one of the PCRF vendors I follow, (see "New PCRF from Telcordia" - here) " .. has been put on the sales block by its private-equity owners and could fetch between $1 billion and $1.5 billion in an auction, according to people familiar with the matter"

 

See report by Anupreeta Das and Dennis K. Berman - "Telcordia Is Up for Sale" - here.

"Telcordia's owners, Providence Equity Partners and Warburg Pincus, have hired Credit Suisse to run the sale process, which began about a week ago, these people said. An initial public offering is also being considered, but a sale is most likely, added one person close to the process"

Telcordia was sold to its current owners by SAIC 6 years ago (Nov '04) for $1.35B (here). A year ago SAIC acquired one of the DPI players, CloudShield (here).

Telcordia's valuation does not tell us much about the PCRF market, at the company has a rich OSS offering.