Telecom technology and services provider Ericsson has completed the acquisition of mobile, broadband and enterprise communications software and services provider Telcordia.
Telcordia is now a part of the Ericsson Group and its approximately 2,600 workforce have been absorbed by Ericsson.
Under the acquisition, Telcordia will be managed by Ericsson’s business unit Multimedia but sales and margins will be shared between Multimedia and Services depending on the portfolio mix.
The combined company will address the needs of Communications Service Providers to deliver mobile broadband and operational transformation to their subscribers and creates the leader in service fulfilment, service assurance and network optimisation.
In addition, Ericsson will gain an edge by becoming the leader in real-time charging with significant capabilities to support operators end to end.
Ericsson Business Unit Multimedia head Per Borgklint said the addition of Telcordia’s skilled people and knowledge, a good multi vendor product portfolio and an important customer base in North America, complement Ericsson’s already established position in the OSS/BSS space.
"OSS and BSS are key to drive the customer experience and serve as the engine to monetizing traffic, offerings and products that operators sell. All in all, these systems are crucial to create the experience users expect in a cost efficient manner," said Borgklint.
