To some people, Telcordia Technologies is an enigma, halfway in the legacy world and halfway into the next generation. After extensive due diligence, private equity firms Warburg Pincus and Providence Equity Partners believe they have the company figured out, which is why they recently invested $1.35 billion in its future. The all-cash acquisition, expected to close within 60 days, keeps Telcordia and its management team intact. The new ownership will give Telcordia an independence it hasn'thad in its 20-year history-13 years as the RBOC-owned Bellcore and seven years as a subsidiary of SAIC. "It's almost a perfect time to celebrate our past but also start thinking about the next 20 years," said Telcordia CEO Matt Desch.
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