M&A: Teoco Acquires Schema for $9M

 
Asaf Gilad reports to Calcalist that "Israeli-base Schema was sold to Teoco for $9M .. according to IVC reports , Schema that was founded in 1995, raised $33.6M during the years - including the last round in 2001 that was based on $60M valuation .. the company is considered profitable but with low growth rate, as major TEMs developed competitive products" (see offering from NSN, Ericsson, Alcatel-Lucent)

See here (Hebrew). Both companies do not mention this in their web sites. 

Schema "delivers advanced self-organizing, multi-vendor RAN optimization and analysis solutions, improving network performance across all 2G, 3G, and 4G wireless technologies". Teoco has a portfolio of solutions, some of which may be synergistic to Schema - such as Routing Management