Adds RAN optimisation and RF engineering capabilities to TEOCO
TEOCO, a provider of Assurance and Analytics solutions to communications service providers, has signed a definitive agreement to acquire Schema, a provider of multi-vendor RAN optimisation & analysis offerings for wireless operators.
The purchase will expand TEOCO’s global customer base and RAN optimisation and RF engineering capabilities will be added to its portfolio.
Closing of the transaction is subject to customary closing conditions, and is scheduled in late February 2012.
Schema CEO Menahem Tirosh said by joining TEOCO, Schema is ensuring both the continued growth of Schema’s technologies, as well as strengthening the relationships with the customers.
"TEOCO has a history of successfully cultivating businesses they acquire. Our employees, clients and technology are in good hands," said Tirosh.
TEOCO CEO and founder Atul Jain said Schema brings innovative technologies that when combined with TEOCO’s assurance and analytics offerings will enable TEOCO to be a significant player in the network optimisation market.
"We are also looking forward to the opportunity to introduce new capabilities to Schema’s current customer base. We also warmly welcome its employees to our team," said Jain.