Tekelec is one of 12 organizations identified by UnitedHealthcare as having exemplary onsite wellness programs.

The Morrisville company's program includes onsite health assessments and physical activity programs as well as discounts on health insurance premiums for employees who participate.

Barloworld Handling in Charlotte also was among the dozen organizations to receive UnitedHealthCare's "Well Deserved" award.

Last week, Tekelec shareholders overwhelmingly approved the sale of the technology company to a New York private equity firm.

Tekelec, which makes software for phone and Internet companies, is being sold for $780 million to a group of investors led by Siris Capital.

The company employs 620 in Morrisville and 1,140 globally.

Morrisville-based Tekelec announced this morning that it has agreed to be acquired by a consortium of investors led by private equity firm Siris Capital Group.

The deal is valued at $780 million. Siris' group is paying $11.00 per share in cash, which is an 11 percent premium over the closing price of Tekelec's stock on Friday.

The deal is expected to close during the first quarter of next year, pending shareholder and regulatory approval.

Tekelec's management team is expected to remain in place. Merle Gilmore, former President of Motorola's Communications Enterprise and Chairman of the Board of Airvana Network Solutions Inc., will serve as Tekelec's executive chairman following the closing.

The company makes software and other telecommunications technology that helps move data and video over high-speed and wireless networks.

Tekelec reported another decline in quarterly revenue this morning, but its financial results exceeded expectations of Wall Street analysts.

The Morrisville company makes software and other telecommunications technology that helps move data and video over high-speed and wireless networks.

Tekelec reshuffled its top management and slashed jobs this year as it shifts to focus on faster-growing parts of its business. It's counting on increasing demand for products tied to next-generation wireless networks.

In May, the company laid off about 50 people at its Morrisville headquarters as part of a broader restructuring to cut costs. Tekelec employs about 1,250 people worldwide, including about 625 in the Triangle.

Second-quarter revenue was $96.8 million, down 12 percent from a year earlier. Excluding some charges, Tekelec's net income was $5.8 million, or 8 cents a share.

Tekelec has promoted a former Lucent Technologies executive as its new CEO.

Ron de Lange joined the Morrisville-based telecommunications technology company in 2005 and has been "the primary architect of the company's product strategy." He replaces interim CEO Krish Prabhu, who took the job in January after Frank Plastina abruptly resigned after 5 years as CEO.

De Lange, 52, takes over as Tekelec goes through a key transition. The company, which makes software and other technology used by mobile-phone carriers, has seen sales slow and is shifting its focus to the next generation of wireless networks that carry more data and video.

Tekelec, which laid off about 50 employees at its Morrisville headquarters this month, named a former Alcatel-Lucent executive as its new chairman.

The local layoffs were part of a broader restructuring as the telecommunications equipment company tries to cut costs and offset slower sales. The company expects to eliminate up to 15 percent of its global workforce as it focuses on next generation technology.

Hubert de Pesquidoux, who has been a Tekelec board member since 2009, has taken over as chairman. He replaces Mark Floyd, who did not seek reelection.

It's the second top executive change at the company this year.

Tekelec plans to eliminate up to 15 percent of its workforce to offset slowing sales, a move that could cost up to 90 jobs in the Triangle.

The Morrisville technology company announced this morning it has begun a restructuring "designed to align its operating cost structure with its current and expected business opportunities."

That includes cutting its workforce 10 percent to 15 percent, with layoffs expected to happen in phases through the end of this year. Tekelec employs about 1,250 people worldwide, including 625 in Morrisville. Officials began notifying affected employees on Wednesday.

The layoffs will hit Tekelec's operations in the United States and "certain international locations," the company reported.

After two years of declining product orders and a flagging stock price, Morrisville technology company Tekelec announced this morning that CEO Frank Plastina has immediately resigned.

The telecom gear-maker gave no reason for Plastina's departure, effective yesterday, after five years at the helm. Plastina, 48, also stepped down as a member of the company's board of directors.

Tekelec's chief financial officer, Greg Rush, said the board of directors felt Plastina had taken the company in the right direction but also felt it was time to take the company to the next level in developing and selling next-generation telecommunications technology.

Investors reacted positively to the news, pushing up Tekelec's stock's value 7.5 percent by early afternoon, to $12.92 a share. The stock had been down about 23 percent in the past year.

Tekelec this morning reported weaker quarterly results and lowered its financial outlook for the third time this year, a sign that the slower global economy continues to hurt demand for its telecommunications equipment.

The Morrisville-based company sells products and services to cell phone carriers and other customers, including equipment that starts and ends phone calls. It also helps carriers manage traffic on mobile networks.

Revenue for the quarter that ended Sept. 30 fell to $108.3 million, down 6 percent from a year earlier, led by a decline in sales of older equipment in emerging markets. The company also posted a small loss, reversing a $9.4 million profit a year ago.

Tekelec lowered its annual financial outlook for the second time in as many quarters and is looking for new ways to cut costs as products orders lagged.

Still, the Morrisville telecom-gear maker eked out a level profit and managed to beat analyst expectations for the second quarter.

The company this morning said sales continue suffering in emerging markets around the world and also said some sales were being delayed by security-related regulations imposed by the government of India.

, the Morrisville telecommunications equipment maker, lowered its financial forecast for the year as first quarter sales slipped.

Investors reacted by offloading Tekelec stock. In mid-afternoon trading, the company's shares had lost 20 percent of their value, falling to $14.10, down $3.45 a share.

The global company said this morning its first-quarter sales were $116 million, down 1 percent from the same period last year.

Tekelec said it sees continued caution on equipment spending in emerging markets by its customers. Still, net income was $18 million for the quarter, or 26 cents per diluted share, beating analyst expectations and an increase of 8 percent from the first quarter] of 2009.