Telcordia has appointed Daniel J. Carroll as its new President and CEO, replacing Matthew J. Desch, who will serve the company as Non-Executive Chairman. Most recently, Carroll was Chief Operating Officer of the Business Communications Services Division at Lucent Technologies, where he was responsible for a $7 billion global business that provided telecommunications systems to large and small business enterprises. Carroll, a professional engineer who played an instrumental role in the development of the first VOIP switch for the Lucent division that later became Avaya, spent 35 years with the AT&T, Western Electric and the Lucent family of companies.
http://www.telcordia.com
- In March 2005, Providence Equity Partners and Warburg Pincus completed their acquisition of Telcordia Technologies from Science Applications International Corporation (SAIC). The two firms are co-equal partners in the deal; further terms of the transaction were not disclosed.
- Telcordia, based in Piscataway, N.J., is a leading global provider of telecommunications software and services. The company’s solutions handle the complex tasks required to develop, maintain, monitor and fix today’s carrier networks.
- Telcordia was previously known as Bellcore prior to is acquisition by SAIC from the Regional Bell Operating Companies in 1997.