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 leadingofferings in Order Management and Product Catalog
Today Ericsson (
Acquiring ConceptWave complements and strengthens Ericsson's offering inthearea of operations- and business support systems (OSS/BSS) with worldleadingOrder Management and Product Catalog solutions, providing solutions tobettersupport network operators with their handling of activities related topersonalizing end-user offerings and revenue management solutions.
Elisabetta Romano, Head of OSS in Business Unit Support Solutions,Ericsson,says: "There is a trend towards more personalization of services where end-userswant to purchase communications services meeting their individual needs.Thisputs high demand on telecom operators to be able to offer flexible productbundles with customized pricing packages. In this area ConceptWave'ssolutionsand employees' expertise adds considerable value to Ericsson's portfolio."
Zarar Rana, President and CEO of ConceptWave, says: "Our products andsolutionshelp maximize telecom operators' assets through the creation,implementation andautomation of service fulfillment processes for new and differentiatedofferings. Joining Ericsson today adds great value to ConceptWave, as webecomepart of their global organization and leverage their industry-leadingtechnologyand services competence."
ConceptWave is headquartered in Toronto, Canada, with a current staff of170.The company's customers, primarily telecom operators, are located inCanada,USA, Latin America, Europe and Asia. The transaction closed at signing.
With the integration of previously acquired Telcordia, Ericsson today hastheindustry's most comprehensive OSS/BSS portfolio, a key element of anyoperator'snetwork strategy. Ericsson today has a leading position in key areas suchascharging and billing, where we serve 1.7 billion people with our solutions.
About Order ManagementOrder Management is the discipline of handling and optimizing complexfulfillment flow by scheduling and orchestrating tasks, materials andactivitiesover time. For example, orchestration of a customer order that containssoftwareactivation, hardware orders and delivery as well as contractor work andinstallation, where the different parts of the order should be synchronizedtoone service date despite different lead-times.
About Product CatalogueA Product Catalog is a system that defines all the detailed components thataproduct consists of, including e.g. price, eligibility rules as well asinterdependency with other products. Surrounding systems will use theproductspecifications in the catalogue in order to perform activities such asproductbundling, campaign packaging and related revenue management. The productcatalogue is imperative to dynamically cater for more personalization ofservices for end-users.
NOTES TO EDITORS
Download high-resolution photos and broadcast-quality video atwww.ericsson.com/press
Ericsson is the world's leading provider of communications technology andservices. We are enabling the Networked Society with efficient real-timesolutions that allow us all to study, work and live our lives more freely,insustainable societies around the world.
Our offering comprises services, software and infrastructure withinInformationand Communications Technology for telecom operators and other industries.Todaymore than 40 percent of the world's mobile traffic goes through Ericssonnetworks and we support customers' networks servicing more than 2.5 billionsubscribers.
We operate in 180 countries and employ more than 100,000 people. Founded in1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company'snetsales were SEK 226.9 billion (USD 35.0 billion). Ericsson is listed onNASDAQOMX, Stockholm and NASDAQ, New York stock exchanges.
ConceptWave is a leading provider of customer, product, and order lifecyclemanagement solutions that enable communications service providers torapidlyintroduce new market offers and to empower superior customer experience.ConceptWave's unique offer is to provide an end-to-end catalog-driven suiteoforder fulfillment automation software with ConceptWave Order Care® andRapidCRM™. ConceptWave's products and solutions enable service providers toaddress competitive requirements and simplify the management of customers,products, and orders, for any product, on any network, in any market, usinganychannel. ConceptWave® and ConceptWave Order Care® are registeredtrademarks ofConceptWave Software Inc.
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Source: Ericsson via Thomson Reuters ONE[HUG#1643547]
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