Ericsson acquires 100% of the shares of ConceptWave, headquartered in
Toronto, Canada, with a current staff of 170 persons
Strengthens Ericsson's OSS and BSS portfolio with world leading
offerings in Order Management and Product Catalog
TORONTO, Sept. 25, 2012 /CNW/ - Today Ericsson (NASDAQ: ERIC) announced
the acquisition of the Canadian company ConceptWave in an all cash
transaction. The company was founded in 2000 and has developed
leading-edge software solutions primarily for telecom operators.
Acquiring ConceptWave complements and strengthens Ericsson's offering in
the area of operations- and business support systems (OSS/BSS) with
world leading Order Management and Product Catalog solutions, providing
solutions to better support network operators with their handling of
activities related to personalizing end-user offerings and revenue
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."
Zarar Rana, President and CEO of ConceptWave, says: "Our products and
solutions help maximize telecom operators' assets through the creation,
implementation, and automation of service fulfillment processes for new
and differentiated offerings. Joining Ericsson today adds great value
to ConceptWave, as we become part of their global organization and
leverage their industry-leading technology and services competence."
ConceptWave is headquartered in Toronto, Canada, with a current staff of
170. The company's customers, primarily telecom operators, are located
in Canada, USA, Latin America, Europe and Asia. The transaction closed
With the integration of previously acquired Telcordia, Ericsson today
has the industry's most comprehensive OSS/BSS portfolio, a key element
of any operator's network strategy. Ericsson today has a leading
position in key areas such as charging and billing, where we serve 1.7
billion people with our solutions.
About Order Management
Order Management is the discipline of handling and optimizing complex
fulfillment flow by scheduling and orchestrating tasks, materials and
activities over time. For example, orchestration of a customer order
that contains software activation, hardware orders and delivery as well
as contractor work and installation, where the different parts of the
order should be synchronized to one service date despite different
About Product Catalogue
A Product Catalog is a system that defines all the detailed components
that a product consists of, including e.g. price, eligibility rules as
well as interdependency with other products. Surrounding systems will
use the product specifications in the catalogue in order to perform
activities such as product bundling, campaign packaging and related
revenue management. The product catalogue is imperative to dynamically
cater for more personalization of services for end-users.
NOTES TO EDITORS
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Ericsson is the world's leading provider of communications technology
and services. We are enabling the Networked Society with efficient
real-time solutions that allow us all to study, work and live our lives
more freely, in sustainable societies around the world.
Our offering comprises services, software and infrastructure within
Information and Communications Technology for telecom operators and
other industries. Today more than 40 percent of the world's mobile
traffic goes through Ericsson networks and we support customers'
networks servicing more than 2.5 billion subscribers.
We operate in 180 countries and employ more than 100,000 people. Founded
in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the
company's net sales were SEK 226.9 billion (USD 35.0 billion). Ericsson
is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock
ConceptWave is a leading provider of customer, product, and order
lifecycle management solutions that enable communications service
providers to rapidly introduce new market offers and to empower
superior customer experience. ConceptWave's unique offer is to provide
an end-to-end catalog-driven suite of order fulfillment automation
software with ConceptWave Order Care® and Rapid CRM™. ConceptWave's
products and solutions enable service providers to address competitive
requirements and simplify the management of customers, products, and
orders, for any product, on any network, in any market, using any
channel. ConceptWave® and ConceptWave Order Care® are registered
trademarks of ConceptWave Software Inc.
SOURCE: Ericsson Canada
For further information:
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
Ericsson Investor Relations
Phone: +46 10 719 00 00
Ericsson Media Relations - Canada
Phone: +1 905 206 7928