ULCM Ulticom (MM)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Ulticom, Inc. (“Ulticom” or the “Company”) (NASDAQ: ULCM) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Platinum Equity, LLC (“Platinum Equity”). The proposed transaction offers Ulticom shareholders to only receive $2.33 in cash, after a payment of a dividend in the amount of $5.74 per share in cash for each share they own. Shares held by Ulticom's controlling shareholder, Comverse Technology, Inc. ("Comverse"), will be purchased by Platinum Equity’s affiliate pursuant to a separate share purchase agreement immediately prior to the closing of the merger. The transaction values the Company at approximately $8.07 per share and is expected to close by early 2011.

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Whether the Ulticom’s Board of Directors breached their fiduciary duties to Ulticom’s stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Ulticom’s shares and by how much this proposed transaction undervalues the Company to the detriment of Ulticom shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Ulticom and wish to obtain additional information, please visit us at www.faruqilaw.com/ulcm or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Ulticom (MM) (NASDAQ:ULCM)
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