Ericsson acquires ConceptWave

Ericsson acquires 100 percent of the shares of ConceptWave thereby strengthening its position in order management and product catalog.

Ericsson announced the acquisition of the Canadian company ConceptWave in an all cash transaction.

Acquiring ConceptWave complements and strengthens Ericsson's offering in the area of operations- and business support systems (OSS/BSS) with world leading order management and product catalog solutions, providing solutions to better 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, Ericsson said "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. In this area ConceptWave's solutions and employees' expertise adds considerable value to Ericsson's portfolio."

Zarar Rana, president and CEO of ConceptWave said "Our products and solutions help maximize telecom operators' assets through the creation, implementation and automation of service fulfilment 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 competence."