Telcordia acquisition a done deal
Providence Equity Partners and Warburg Pincus, two private equity firms, have closed a deal to acquire Telcordia Technologies Inc. from Science Applications International Corp. (SAIC). Financial terms were not disclosed.
Piscataway, N.J.-based Telcordia markets telecom software and services designed to maintain, monitor and fix carrier-class networks. Its customers span the IP, wireline, wireless and cable industries.