Ericsson has acquired Canada-based ConceptWave in an all cash transaction.
ConceptWave develops software solutions primarily for telecom operators and has 170 employees. It serves customers in Canada, the US, Latin America, Europe and Asia.
The acquisition will strengthen Ericsson’s OSS/BSS offerings, including order management and product catalog solutions.
Commenting on the acquisition, Elisabetta Romano, head, OSS, business unit support solutions, Ericsson, says: “There is a trend towards more personalisation 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 customised pricing packages. In this area ConceptWave’s solutions and employees’ expertise adds considerable value to Ericsson’s portfolio.”
