|[September 25, 2012]
ConceptWave Acquired by Ericsson
TORONTO --(Business Wire)--
ConceptWave (News - Alert) Software Inc., a leading provider of Customer, Product, and
Order Lifecycle Management solutions for the global communications
service provider market, announced today that it has been acquired by
Ericsson (News - Alert) (NASDAQ: ERIC), the world's leading provider of communications
technology and services, through a 100% share purchase transaction which
closed today on signing.
Zarar Rana, President and CEO of ConceptWave, says: "Our products and
solutions are about maximizing 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
ConceptWave, through the acquisition, will be a fully owned subsidiary
to Ericsson and continue to be managed as a separate entity with its own
management, reporting to Business Unit Support Solutions. Ericsson will
take on all current staff of 170. ConceptWave's product portfolio will
complement and enhance Ericsson capabilities in OSS and BSS order
management and product catalog offerings.
Elisabetta Romano, Head of OSS in Business Unit Support Solutions,
Ericsson, says: "There is a trend towards more personalization of
services wher end-users want to purchase communications services
meeting their specific 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 technical solution and employees'
great know-how add considerable value to Ericsson's portfolio."
"By joining Ericsson, our employees will now be part of a world-class
organization with offices in 180 countries and a span of product
portfolios covering end-to-end telecom operations," adds Mr. Rana. "Our
technical team can now scale to utilize a diverse set of resources to
further expand and integrate ConceptWave platform capabilities with
other OSS/BSS applications. Our customers and partners will also enjoy
expanded local presence, services and support."
RBC Capital Markets acted as financial advisor to the shareholders of
ConceptWave in connection with the transaction.
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 ConceptWave 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.
Ericsson is the world's leading provider of communications technology
and services. Ericsson enables 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.
The 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 Ericsson supports customers'
networks servicing more than 2.5 billion subscribers.
Ericsson operates in 180 countries and employs 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 exchanges.
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