TEOCO Buying TTI Team Telecom

TEOCO, a Fairfax, Va.-based provider of routing and revenue management software for communication service providers, has agreed to acquire TTI Team Telecom International, a supplier of operations support systems (OSS) to communications service providers. The deal is valued at $58 million. TEOCO raised $60 million in equity funding from TA Associates, in exchange for a minority ownership position, two years ago.

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