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Ericsson announces intention to acquire GEOSS consulting firm(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 29 September 2014 Release date- 26092014 - Ericsson (NASDAQ: ERIC) today announces its intention to acquire GEOSS, an operations support systems (OSS) consulting company based in Germany. The acquisition, which is subject to regulatory approval, further strengthens Ericsson's already industry-leading position in OSS for communications service providers. Ericsson intends to take over the entire staff and management of 30 people. GEOSS' core competencies include consultancy, systems development, systems integration and operational support. The company, which has presence in Darmstadt, Dusseldorf, Munich and Stuttgart, specializes in creating and developing high-performance solutions for the configuration and monitoring of IP networks (Network Near Assurance), and supports leading German fixed and mobile operators in their transition to All-IP networks. Stephan Weber, Managing Director at GEOSS, says: 'We are still a relatively young company with a small number of employees, but we have been able to play a leading role in the development and optimization of OSS that is used to manage the networks of Germany's leading telecom operators. We are excited about the prospect of joining Ericsson, as their global scale would enable us to lend our expertise to a much broader array of customers.' Paolo Colella, Vice President and Head of Consulting and Systems Integration Business Unit Global Services, at Ericsson, says: 'Operators are striving to improve their ability to support user needs and address new business opportunities, manage real-time interactions and simplify their OSS/BSS systems. Ericsson offers a comprehensive portfolio of software and services that can be used to achieve these aims, but we're constantly looking to expand our offering and increase our expertise. The acquisition of GEOSS and its highly skilled employees will further strengthen Ericsson's Consulting and Systems integration presence in the region and certainly make a valuable contribution in this regard.' Ericsson provides adaptive OSS and BSS software solutions and services based on the deepest and broadest experience in the industry. Our 16,000 consultants and systems integration experts delivers more than 1,500 projects on a yearly basis. Notes to editors Download high-resolution photos and broadcast-quality video at www.ericsson.com/press. Ericsson is the driving force behind the Networked Society - a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, businesses and societies to fulfill their potential and create a more sustainable future. Our services, software and infrastructure - especially in mobility, broadband and the cloud - are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities. With more than 110,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions - and our customers - stay in front. Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2013 were SEK 227.4 billion (USD 34.9 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York. www.ericsson.com www.ericsson.com/news www.twitter.com/ericssonpress www.facebook.com/ericsson www.youtube.com/ericsson For further information, please contact Ericsson Corporate Public & Media Relations Phone: +46 10 719 69 92 E-mail: [email protected] Ericsson Investor Relations Phone: +46 10 719 00 00 E-mail: [email protected] (c) 2014 Electronic News Publishing - |