| Type | Privately Held by Providence Equity and Warburg Pincus |
|---|---|
| Industry | Telecom Research |
| Founded | 1984 |
| Headquarters | Piscataway, New Jersey |
| Key people | Mark Greenquist, President & CEO Linda DeLukey, EVP, Human Resource & Corporate Security Joseph Giordano, EVP, General Council & Secretary Brent Greene, President, Advanced Technology Solutions Richard Jacowleff, President, Interconnection Solutions Rich Marano, EVP & COO Steve Noonan, EVP & CFO Adan Pope, Chief Technology Officer & Chief Strategy Officer William Wanke, President, Operations Solutions Mike Wojcik, President, Service Delivery Solutions |
| Employees | 5,200 |
| Parent | Baby Bells (1984-1997) SAIC (1997-2004) Providence Equity/Warburg Pincus (2004-present) |
| Website | www.telcordia.com |
Telcordia Technologies, formerly Bell Communications Research, Inc. or Bellcore, is a telecommunications research and development (R&D) company based in the United States created as part of the 1982 Modification of Final Judgment that broke up American Telephone & Telegraph (AT&T). On June 14, 2011, Ericsson announced an agreement to acquire Telcordia.
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The company was created on January 1, 1984 as part of the 1982 Modification of Final Judgment that broke up the Bell System. Bellcore was a consortium established by the Regional Bell Operating Companies upon their separation from AT&T. Since AT&T retained Bell Laboratories, the operating companies wanted to have their own R&D facility. Bellcore, the tenth company to register a .com domain, provided joint R&D, standards setting, training, and centralized government point-of-contact functions for its co-owners, the seven Regional Holding Companies that were themselves divested from AT&T as holding companies for the 22 local Bell Operating Companies.
Bellcore's initial staff and corporate culture drew heavily via transfers of personnel from the nearby Bell Labs locations in northern New Jersey, plus additional staff from AT&T and the regional operating companies. The company originally established its headquarters in Livingston with dedication by New Jersey Governor Thomas Kean in 1985,[1] but moved its headquarters to Morristown location a decade later. Bellcore operated the former Bell System Center for Technical Education in Lisle, Illinois.
Although Bellcore's R&D and standard setting were of considerable importance to the telecommunications industry in general, the asset value of the company was largely centered in ownership of the approx. 6,000 pieces of network software, many of enormous size, that functionally ran the US telephone system. Additionally, Bellcore held ownership of the Bell name and logo on behalf of the seven owner companies together with Cincinnati Bell and Southern New England Telephone.
In 1992 issues related to the management of the software systems led to the formation of a Study Group of senior business and legal representatives of the seven Owner Companies, commonly referred to as the OC's, together with the executive leadership of Bellcore, and facilitated by Marc Paul Chinoy, President of The Regis Group, Inc. of Leesburg, Virginia. A structured deliberation of the joint leadership continued on a daily basis until November 1996, when by unanimous decision, the Study Group recommended, and the seven OC CEO's approved the divestiture of the company, while retaining the name and logo.
In 1996, the company was provisionally acquired by Science Applications International Corporation (SAIC).[2] The sale was closed one year later, following a regulatory approval process that covered all the states individually. Since the divested company no longer had any ownership connection with the Bell regional companies, the name was changed to Telcordia. The headquarters was eventually moved to Piscataway.[3] Stake in the company was subsequently sold in November 2004 to Providence Equity Partners and Warburg Pincus, who both held equal stakes in the company.
Telcordia is a chief architect of the telecommunications system in the U.S., and has pioneered many of the telecommunications services used today, including Caller ID, Call Waiting, Mobile number portability and Toll-free telephone number (800) service. Telcordia’s expertise lies in managing large, complex projects across the operations and communications spectrum.
Telcordia offers products and services in the area of network planning and engineering, service assurance, delivery, fulfillment and data management and operations support. Telcordia’s software products are designed to solve communications problems, support complex operations missions and system interoperability issues. Telcordia also writes proposed generic requirements (GRs) for telecommunications industry hardware and offers consulting and testing to these GRs.
Telcordia has its headquarters in Piscataway, New Jersey, USA and has a Software Development Lab in Chennai, India. Telcordia is pioneer in the field of prepaid Charging system commonly called as Intelligent network. Most of the development work in Intelligent network now comes from the labs in India and the US. Its headquarters campus at Piscataway and its offices and laboratories at Red Bank, New Jersey were originally Bell Laboratories (Bell Labs) locations transferred to Telcordia.
On June 14, 2011, Ericsson announced an agreement to acquire Telcordia for USD 1.15 billion. The closing is anticipated to occur in Q4 2011.
Telcordia research has yielded more than 1,800 patents across ADSL, ATM/SONET, Advanced Intelligent Network (AIN), optical networking / Wavelength-division multiplexing (WDM), wireless (3G/4G, cellular, mobility), security and more.
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