Ericsson has announced the acquisition of Canadian company ConceptWave in an all cash transaction. The company was founded in 2000 and has developed operations and business support software (OSS/BSS)designed primarily for telecom operators.
"There is a trend towards more personalization of services where end-users want to purchase communications services meeting their individual needs,” said Elisabetta Romano, Head of OSS in Business Unit Support Solutions at Ericsson. “This puts high demand on telecom operators to be able to offer flexible product bundles with customized pricing packages."
Zarar Rana, president and CEO of ConceptWave, said the company’s software helps to “maximize telecom operators' assets through the creation, implementation, and automation of service fulfillment processes for new and differentiated offerings.”
Headquartered in Toronto, the company currently employs 170 people.