Lucent Technologies has agreed to acquire Telica, a provider of voice over Internet protocol (VoIP) communications systems for networks.
Lucent will acquire the outfit, a privately held concern in Marlboro, MA, for approximately $295 million in stock and options, plus additional employee-related cash payments.
Under the terms of the deal, Lucent will exchange 92.7 million shares of common stock and options for all of Telica’s equity. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close during Lucent’s fourth fiscal quarter of 2004.
Lucent says that the purchase may result in a one-time charge against earnings for in-process research and development, which would be taken in the quarter in which the acquisition is completed. Lucent also expects that the acquisition could be dilutive to fiscal 2005 earnings by approximately 1 to 2 cents per share and neutral to slightly accretive in fiscal 2006.
Marketed under the PLUS brand name, Telica products include the Telica Plexus 9000 Media Gateway, PLUS Signaling Gateway, and PLUS Media Gateway Controller. These products will be marketed and sold as part of Lucent’s Accelerate portfolio, which was announced last November.
Accelerate products help service providers deliver IP-based voice, data and multimedia services, such as streaming video, to their subscribers over wireless and wireline networks.
Telica has about 250 employees worldwide, with the majority at its headquarters in Massachusetts.