Archive for the ‘Platinum Equity’ Category
Platinum Equity has declared that it has finished the purchase of Ulticom, Inc., a giver of signaling software which is used in communications networks. Ulticom offers services of important signaling component and systems way out in case of wireless, wire line, as well as Internet communications. Headquarter of Ulticom is in Mount Laurel, NJ along with added offices in the U.S., Europe, and Asia. On 12 October, 2010, members of Platinum Equity have signed an ultimate contract to purchase Ulticom, Inc. And then this contract was approved by the Ulticom shareholders. Moreover, this acquisition was a public-to-private deal in which Platinum Equity has purchased remaining shares of Ulticom for merger at the rate of $2.33 per share.
Further, Ulticom is having a good status for quality and modernization, and is considered as one of the leading providers of vital technology in wireless as well as in broadband networks. Platinum Equity’s member purchases shares held by Ulticom’s controlling shareholder, Comverse Technology Inc., with a different contract of share purchase right away before closing of the merger. In addition, financial possessions and kowledge with communication and information technology companies of Platinum Equity’s will strengthen Ulticom’s capability to improve their product range and market condition.