PRINT THIS PAGE Providence Equity and Warburg Pincus buy Telcordia Technologies, Inc.23/11/2004. Source: AltAssets. 
 Science Applications International Corporation has signed an agreement to sell Telcordia Technologies, Inc., a provider of telecommunications software and services, to private investment firm Providence Equity Partners and private equity investor Warburg Pincus for $1.35 billion in cash.
Kenneth C. Dahlberg, Chairman and Chief Executive Officer of SAIC said, "SAIC recognized that a new owner could provide Telcordia with opportunities to expand its global footprint to benefit its customers and the industry as a whole. We look forward to continuing our work with Telcordia as a business partner on both government and commercial opportunities."
Providence and Warburg are equal equity investors in the transaction. The completion of the sale is subject to customary closing conditions, including regulatory approval.
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