TEOCO Signs Definitive Agreement to Acquire Network Optimization Leader, Schema
Fairfax, Va., 12 January 2012 – TEOCO, the leading provider of Assurance and Analytics solutions to communications service providers worldwide, today announced the signing of a definitive agreement to acquire Schema, a leading provider of multi-vendor RAN optimization & analysis solutions for wireless operators.
The acquisition will expand TEOCO’s global customer base and add world class RAN optimization and RF engineering capabilities.
“By joining TEOCO, we are ensuring both the continued growth of Schema’s technologies, as well as strengthening the relationships with our customers,” said Schema CEO, Menahem Tirosh. “TEOCO has a history of successfully cultivating businesses they acquire. Our employees, clients and technology are in good hands.”
“Schema brings innovative technologies that when combined with TEOCO’s industry leading assurance and analytics solutions will enable TEOCO to be a significant player in the network optimization market,” said TEOCO CEO and Founder Atul Jain. “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.”
Closing of the transaction is subject to customary closing conditions, and is expected to occur in late February 2012.
Schema is a leading provider of multi-vendor RAN optimization & analysis solutions, and premium services for wireless operators. Schema’s innovative products & services increase network efficiency and improve coverage, quality and capacity while lowering CapEx and OpEx.
Schema's sophisticated algorithms accurately locate and display traffic hotspots, drop locations and service quality KPIs. Operators can drill down to resolve individual subscriber problems, improve planning and troubleshoot the network without expensive drive testing and guess work. Schema’s user-friendly products improve the way operators plan, implement and manage their network resources, improving end-user satisfaction and reducing churn.
TEOCO is the leading provider of Assurance and Analytics solutions to Communication Service Providers worldwide. TEOCO’s product portfolio includes:
- Margin Assurance – Manage costs and revenues to understand the profitability of every transaction.
- Service Assurance – Resolve errors, maximize performance & utilization, and improve customer experience.
- Customer Analytics –Combine profitability, quality of experience, and behavioral data to better understand, target and engage the subscriber base.
Since 1995, TEOCO has helped over 100 of the largest service providers around the world to manage and evolve their businesses efficiently and profitably, while enhancing the customer experience. TEOCO is widely recognized for its commitment to principled entrepreneurship, business ethics and employee ownership with a particular emphasis on its core values of alignment with employees, clients and community.
For more information, visit www.teoco.com .
Chief Financial Officer