Telcordia was sold today for $1.3 billion. Nice profit for SAIC, who acquired them in 1997 for $700 million. Light Reading said:
Telcordia is on course for annual revenues of about $880 million, putting the vendor’s price tag at about 1.5 times revenues, in line with many acquisitions in the OSS market this year
There’s a fair amount of irony in that. OSS is the one component that every operator lives and dies by. However, it’s clearly not a market for innovation, so it gets a measly 1.5x multiple.