Ericsson is enhancing its OSS/BSS portfolio with the acquisition of Canadian software firm ConceptWave.
The company closed the acquisition on Tuesday, buying up all of ConceptWave's shares. The firm will operate as an Ericsson subsidiary, continuing to be managed as a separate entity with its own management and retaining its workforce of 170.
Elisabetta Romano, head of OSS in business unit support solutions at 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,” she notes, adding. “In this area ConceptWave's solutions and employees' expertise adds considerable value to Ericsson's portfolio."
ConceptWave, incepted in 2000, provides software focused on personalizing end-user offerings and revenue management solutions. Its customers are mostly telecoms providers in Canada, the United States, Latin America, Europe and Asia.
The deal follows Ericsson’s $1.15 billion (€890 million) acquisition of Telcordia in 2011, which has helped Ericsson expand its OSS/BSS portfolio in several key areas and substantially increase its footprint in North America.