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Swedish telecom equipment maker Ericsson (News - Alert) has announced that it acquired HyC Group, a Spanish TV consultancy and systems integration company with about 110 employees.

Ericsson has not disclosed the cost it paid for the acquisition.

Following the acquisition, HyC employees will join Ericsson's global services organization.

According to the analysts, the acquisition improves its position as a systems integrator of IPTV solutions.

The HyC acquisition follows Ericsson's acquisition of Tandberg (News - Alert)
Television, the world's leading provider in advanced video compression technologies at the beginning of this year.

 IPTV (News - Alert), or Internet protocol television, allows telecom operators and service providers to offer interactive and personalized broadband TV services to fixed and mobile users.

"Multimedia and services, including IPTV and systems integration, are two strategic areas for Ericsson. I am pleased to announce this acquisition, as it will strengthen our ability to support our customers in offering attractive consumer services in a fast and efficient way. HyC's skills and experience fit perfectly with our service offerings in the TV domain and our leading systems integration offering," said Hans Vestberg, Executive Vice President, Chief Financial Officer, and Head of Global Services at Ericsson, in a press release. 

 

Hector Prieto, HyC General Manager, said, "We are proud to be part of the Ericsson Group. Customers will benefit from the combination of Ericsson's global presence and our niche expertise in a booming technology."

 

Every year, Ericsson delivers nearly a 1000 systems integration projects, in multivendor and multi-technology environments, to operators and enterprises.

 

Ericsson's systems integration expertise covers multimedia services and service network, telecom management, IP-packet backbone, IP Multimedia Subsystem (IMS), satellite communications and National Security and Public Safety solutions.