Saturday, December 4, 2010
Platinum Equity Completes Ulticom Buy
Los Angeles-based private equity firm Platinum Equity said late Friday that it has completed its acquisition of Ulticom, Inc., a developer of signaling software for communications network. The deal was worth approximately $90M. Platinum Equity said it paid $2.33 per share for each outstanding share of Ulticom stock, after payment of a special dividend of $5.74 per share in cash. The deal takes Ulticom private; it had previously been traded on the NASDAQ Global Market as ULCM.