Thursday, November 18, 2004

Telcordia sold for $1.3 billion  

So the long rumored deal within Neustar is finally done.

Telcordia Technologies has been sold by SAIC for $1.3 billion to Providence Equity Partners and Warburg Pincus. SAIC acquired Telcordia, formerly known as Bellcore, in 1997 for about $700 million, Light Reading says. The deal values the company at about 1.5 times its 2004 revenues, estimated to be around $880 million.

Providence Equity Partners Inc. is one of the world's leading private investment firms specializing in equity investments in media and communications companies. Significant investments include VoiceStream Wireless, Metro-Goldwyn-Mayer, Warner Music Group, PanAmSat, AT&T Canada, eircom, Casema, Kabel Deutschland, Language Line, F&W Publications, ProSiebenSat.1, and Bresnan Broadband Holdings..

Warburg Pincus has a long history as a leading investor in the information and communication technology sectors, including investments in Avaya, BEA Systems, Bharti Tele-Ventures, Harbour Networks, NeuStar and VERITAS Software. The firm is an experienced partner to entrepreneurs seeking to create and build durable companies with sustainable value and has an active portfolio of about 115 companies spanning the entire spectrum of scale and maturity.

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