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Ericsson Buys Canadian Software Developer
Published on:
Ericsson has announced that it is buying Canada's based ConceptWave in an all cash transaction. The company was founded in 2000 and has developed software solutions primarily for telecom operators.
The financial terms were not disclosed.
Ericsson said the aquisition compliments its offering in the area of operations- and business support systems (OSS/BSS) with Order Management and Product Catalog solutions, to support network operators with their handling of activities related to personalizing end-user offerings and revenue management solutions.
Elisabetta Romano, Head of OSS in Business Unit Support Solutions, Ericsson, says: "There is a trend towards more personalization of services where end-users want to purchase communications services meeting their individual needs. This puts high demand on telecom operators to be able to offer flexible product bundles with customized pricing packages. In this area ConceptWave's solutions and employees' expertise adds considerable value to Ericsson's portfolio."
ConceptWave is headquartered in Toronto, Canada, with a current staff of 170.
Tags: [ericsson] [conceptwave] [Canada]
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