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Tekelec history
Tekelec company history timeline
In 1980, Tekelec began making telephone network testing equipment for emerging digital communications standards.
In May 1986, Tekelec raised over $12 million with an initial public offering of one million shares of common stock that sold for $12.25 each.
In December 1986, the company introduced the Chameleon 32, a protocol analyzer that tested communications networks designed to meet emerging Integrated Service Digital Network (ISDN) standards.
In September 1988, Tekelec moved its operations to a bigger Calabasas location and consolidated its corporate headquarters, sales department, research and development center, and manufacturing plant all under one roof.
The company's modest expansion continued with the October 1990 acquisition of Alabama-based Hard Engineering Inc. for $3 million and future royalties.
In June 1991, Tekelec established Tekelec Australia Pty Ltd. in Sydney, Australia, as a subsidiary to serve the continent and the South Pacific Rim area.
In January 1993, slumping worldwide sales forced the company to announce job cuts and pay freezes and reductions.
Revenues for 1994 grew to $61.2 million and after two years of losses, the company turned a profit of $4.5 million.
Marshall, Kyle, "Tekelec Head Revives Company," News & Observer (Raleigh, N.C.), December 11, 1996.
The diagnostic equipment side of the business was ailing but sales of Tekelec's Eagle STP switching product line, which came out of the company's Morrisville operations, began to grow significantly in 1996.
McNary, Dave, "Calabasas Company's Stock Gaining Altitude," Los Angeles Daily News, October 23, 1997.
Henig, Peter D., "Tekelec Is a Strong Growth Stock," Redherring.com, January 22, 1998.
In March 1998, Toomer retired and Michael L. Margolis was appointed president and CEO of the company.
——, "Unable to Evade Slump, Tekelec Halts Expansion Plans," News & Observer (Raleigh, N.C.), July 7, 2001.
Buckley, Sean, "IP Dynasty; Tekelec Adds VocalData to Growing Empire," Telecommunications International, September 20, 2004.
In 2004, telephone companies had begun replacing aging SS7 switches with softswitches that combined voice and data traffic into compressed digital signals.
In February 2005, the company announced a five-year contract with SBC Services, an SBC Communications subsidiary, to deploy Tekelec's Eagle 5 Signaling Application System.
"Tekelec Launches New Global Branding Campaign," Fiber Optics Weekly Update, May 6, 2005.
——, "Tekelec Sales and Profit Jump," News & Observer (Raleigh, N.C.), August 8, 2006.
"Tekelec ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/tekelec
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Tekelec competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Motorola Solutions | 1928 | $10.8B | 18,000 | 338 |
| Neustar | 1996 | $1.2B | 1,800 | - |
| Juniper Networks | 1996 | $5.1B | 9,400 | - |
| Fortinet | 2000 | $6.0B | 9,700 | 338 |
| INAP | 1996 | $317.0M | 600 | - |
| The Tipping Point | - | $19.0M | 750 | - |
| Extreme Networks | 1996 | $1.1B | 2,713 | 74 |
| Imperva | 2002 | $321.7M | 1,001 | - |
| Acme Packet | 2000 | $241.0M | 761 | - |
| SeaChange International | 1993 | $32.5M | 281 | 1 |
Tekelec history FAQs
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Tekelec may also be known as or be related to TEKELEC, Tekelec, Tekelec Inc, Tekelec International and Tekelec, Inc.