Morrisville-based Tekelec (www.tekelec.com), a developer
of high-performance network applications for next-generation
fixed, mobile and packet networks, has closed the sale of
its IEX business unit to NICE Systems Inc., a subsidiary
of NICE-Systems Ltd.
As previously announced, in April 2006, Tekelec and NICE-Systems
Ltd. entered into a definitive agreement for the purchase
by NICE-Systems Ltd. from Tekelec of all of the stock of
Tekelec's wholly owned subsidiary, IEX Corporation, a global
provider of workforce management and optimization technology
for contact centers. The purchase price was $200 million
in cash, subject to a post-closing working capital adjustment.