With its Executive Partners, Siris has significant experience in investing in complex, special situations; i.e., investment opportunities in mission critical technology companies that are undergoing fundamental changes in their manner of doing business or that are facing particularly difficult operational, strategic or financial challenges.
These complex situations may be caused by any number of factors, including the introduction of a disruptive technology, a fundamental transition in the marketplace, customer and other stakeholder issues or companies with difficult regulatory, tax or other structuring challenges. The firm is focused on investing in technology businesses, including infrastructure hardware and software, enterprise and application software; and technology-enabled business service, primarily in North America.
The acquisition and of network technology provider Tekelec Inc. in a $780 million take-private transaction in 2012, and subsequent sale to Oracle in 2013. This deal was awarded the Deal of the Year at NAIC’s annual conference in 2013.