Telcordia Affirms OSS Leadership with Granite Acquisition
Top OSS Supplier Adds World Class Inventory Management to Portfolio
PISCATAWAY, NJ – MAY 4, 2004 – Sending a clear signal to the industry and demonstrating its commitment to grow through strategic acquisitions, Telcordia® Technologies, Inc. today announced that it has acquired Granite Systems Inc., for an undisclosed sum. The acquisition of Granite provides Telcordia with immediate market leadership in the critical next generation inventory management space and further advances its position in providing superior, standards-based technological OSS solutions to wireline and wireless carriers worldwide.
“Telcordia’s acquisition of Granite Systems is consistent with our view that complementary vendor consolidation benefits service providers,” said Rob Rich, Executive Vice President, Communications Infrastructure Strategies, The Yankee Group. “Both Telcordia and Granite have been able to weather the storm despite the industry downturn by developing strong channel relationships and securing major customers in North America, Europe, Latin America and Asia Pacific. Telcordia and Granite have spent the last year successfully integrating their products and jointly selling solutions, strengthening their credibility.”
Granite offers the most flexible inventory product on the market with a deep feature set and scalable architecture that will enable Telcordia to further expand its Elementive strategy, unveiled last fall. Since inventory management impacts so many other critical areas in the OSS space, it is the perfect addition to the Elementive approach and will enable customers to provision telecommunications services faster and more cost effectively. It will also result in an immediate expansion of Telcordia’s growing footprint in both wireline and wireless markets.
“Telcordia firmly believes that the resurgence of the telecommunications industry is contingent upon providing open, configurable, flexible software components that augment and complement existing systems,” said Matthew Desch, CEO, Telcordia. “The Telcordia Elementive approach does just that, and the addition of Granite’s similarly modular software will further enable Telcordia to deliver on its promise to help jumpstart the industry and lower the total cost of ownership for service providers.”
Telcordia and Granite have each deployed software on a mass scale to a number of tier one service providers thereby helping them lower the cost of designing, building, and operating wireline and wireless networks. During the last 12 months, Telcordia and Granite have cooperatively integrated their products, built standard interfaces, and designed Java 2 Enterprise Edition (J2EE)-based OSS Elementive components so customers can better manage the transition from critical embedded systems to next generation networks. The open architecture of the combined portfolio enables both systems to transparently interoperate with other third-party applications as well.
“This acquisition is a natural fit for Granite and Telcordia customers and for the industry as whole,” said John E. P. Borden, Jr., CEO and President of Granite Systems. “Granite brings technology leadership, a strong market position in Europe and in wireless. Combine that with Telcordia’s OSS market leadership and end-to-end solution capability and you have a unique capability to offer customers.”
Teams from both Telcordia and Granite will be responsible for continuing the integration and will work with current customers on a series of managed system migration plans so they can fully leverage the next generation framework, which will include a provisioning automation platform and integrated fulfillment.
About Telcordia Technologies, Inc. Telcordia Technologies, Inc. is a leading global provider of telecommunications software and services for IP, wireline, wireless, and cable. By delivering on its Elementive strategy of providing flexible, standards-based solutions that optimize complex network and business support systems, Telcordia enables customers to aggressively reduce costs and grow revenues. Telcordia, a subsidiary of Science Applications International Corporation (SAIC), is headquartered in Piscataway, NJ, with offices throughout the United States, Canada, Europe, Central and Latin America. (www.telcordia.com)
Telcordia Technologies is a wholly owned subsidiary of SAIC. Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements or industry results to be very different from the results, performance or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC’s Annual Report on Form 10-K for the period ended January 31, 2004, and such other filings that the Company makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.