STOCKHOLM, SWEDEN--(Marketwire - Sep 25, 2012) -
* 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
Order Management and Product Catalog
Today Ericsson (NASDAQ: ERIC) announced the acquisition of the Canadian
ConceptWave in an all cash transaction. The company was founded in 2000 and
developed leading-edge software solutions primarily for telecom operators.
Acquiring ConceptWave complements and strengthens Ericsson's offering in
area of operations- and business support systems (OSS/BSS) with world
Order Management and Product Catalog solutions, providing 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,
says: "There is a trend towards more personalization of services where end-
want to purchase communications services meeting their individual needs.
puts high demand on telecom operators to be able to offer flexible product
bundles with customized pricing packages. In this area ConceptWave's
and employees' expertise adds considerable value to Ericsson's portfolio."
Zarar Rana, President and CEO of ConceptWave, says: "Our products and
help maximize telecom operators' assets through the creation,
automation of service fulfillment processes for new and differentiated
offerings. Joining Ericsson today adds great value to ConceptWave, as we
part of their global organization and leverage their industry-leading
and services competence."
ConceptWave is headquartered in Toronto, Canada, with a current staff of
The company's customers, primarily telecom operators, are located in
USA, Latin America, Europe and Asia. The transaction closed at signing.
With the integration of previously acquired Telcordia, Ericsson today has
industry's most comprehensive OSS/BSS portfolio, a key element of any
network strategy. Ericsson today has a leading position in key areas such
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
over time. For example, orchestration of a customer order that contains
activation, hardware orders and delivery as well as contractor work and
installation, where the different parts of the order should be synchronized
one service date despite different lead-times.
About Product Catalogue
A Product Catalog is a system that defines all the detailed components that
product consists of, including e.g. price, eligibility rules as well as
interdependency with other products. Surrounding systems will use the
specifications in the catalogue in order to perform activities such as
bundling, campaign packaging and related revenue management. The product
catalogue is imperative to dynamically cater for more personalization of
services for end-users.
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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,
sustainable societies around the world.
Our offering comprises services, software and infrastructure within
and Communications Technology for telecom operators and other industries.
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
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
sales were SEK 226.9 billion (USD 35.0 billion). Ericsson is listed on
OMX, Stockholm and NASDAQ, New York stock exchanges.
ConceptWave is a leading provider of customer, product, and order lifecycle
management solutions that enable communications service providers to
introduce new market offers and to empower superior customer experience.
ConceptWave's unique offer is to provide an end-to-end catalog-driven suite
order fulfillment automation software with ConceptWave Order Care® and
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
channel. ConceptWave® and ConceptWave Order Care® are registered
ConceptWave Software Inc.
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Source: Ericsson via Thomson Reuters ONE