Tekelec, a global mobile broadband solutions company, has appointed Guru Prasad Bhat as managing director (India & South Asia).
Before joining Tekelec, Guru Prasad was with networking major Cisco as its country manager – India (Mobile Internet Technology Group). Guru Prasad moved to Cisco after Cisco acquired Starent Networks where he worked for more than 3 years. Guru Prasad was responsible for sales operations of MITG in India and neighboring countries.
At Starent, Guru Prasad was responsbile for bagging two contracts from CDMA operators. Guru Prasad was not available for his comments.
Guru Prasad is replacing Rajesh Kaul, who spent more than seven years at Tekelec India. Currently, Rajesh is the is CEO & co-founder Triotech Solutions.
Tekelec, in fact, has seen several top level changes. Recently, Tekelec named Douglas A. Suriano as chief technology officer. Suriano will be responsible for product innovation, leadership in standards bodies and industry forums, and advocacy for mobile data solutions across Tekelec’s global customer base.
Recently, Susie Kim Riley, chief marketing officer, resigned from the company. Riley, a serial entrepreneur, arrived at Tekelec via its acquisition of Camiant in 2010.
Tekelec was also in the news as a consortium led by Siris Capital Group and affiliates of The ComVest Group, funds and accounts managed by GSO Capital Partners, Sankaty Advisors, ZelnickMedia and other Siris limited partners and affiliates, announced the acquisition of Tekelec for approximately $780 million.
The acquisition will provide Tekelec better flexibility to deliver solutions for the mobile data and video market. The consortium will continue investing in and building on Tekelec’s reputation for innovation, scalability and reliability to extend the company’s mobile data products to new markets and applications.
Tekelec’s management team is expected to remain in place, and Merle Gilmore, former president of Motorola’s Communications Enterprise and chairman of the Board of Airvana Network Solutions, will serve as Tekelec’s executive chairman following the closing.
Tekelec reported net income of $762 million for the three months ended September 30, up from a loss of $134 million, a year ago. Revenues, however, fell two percent to $106.18 million, from $108.31 million in the same period last year.
By Baburajan K