Ericsson acquires telecom IT services business in China
March 16 2015 - 9:00AM
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Sunrise Technology is a Guangzhou-based IT
services provider
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Acquisition boosts Ericsson's IT services
capabilities in China as approximately 1,000 employees will join
the company
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Contributes to Ericsson achieving its ambition
of becoming a global ICT leader
Ericsson (NASDAQ: ERIC) has signed a definitive
agreement to acquire the telecom business of Sunrise Technology, a
provider of IT services in the operations and business support
systems (OSS/BSS) domain. Sunrise Technology, which is
headquartered in Guangzhou, China, will continue to exist as a
separate entity - serving customers in sectors other than
telecom.
The unit being acquired has a strong track record
of delivering complex IT solutions to leading operators in China.
Approximately 1,000 employees - almost all of whom are based in
Guangzhou - will join Ericsson by Q2 2015, subject to customary
closing conditions These employees have expertise in IT consulting;
systems integration for charging and billing systems, customer
relationship management and business intelligence/analytics
solutions; and application development and maintenance.
Magnus Mandersson, Executive Vice President and
Head of Business Unit Global Services at Ericsson, says: "China is
the world's biggest mobile market in terms of number of
subscriptions, with 1.285 billion. Most of the country's telecom
operators are at the beginning of their IT transformation journeys,
and will soon replace their legacy IT systems with next-generation
solutions that will enable them to launch digital offerings. The
acquisition of Sunrise Technology's telecom business will boost our
ability to serve mobile operators' IT transformation needs in
China, and is aligned with our strategy of becoming a global ICT
leader."
"The completion of this acquisition significantly
strengthens our position in China and shows our commitment to the
market," says Mats H. Olsson, Senior Vice President and Head of
Asia-Pacific at Ericsson. "The skills and experience of the Sunrise
Technology employees will be key for us to continue providing
leading services to our customers in China."
Ericsson's strategy to create value builds on a
combination of excelling in our core business and establishing
leadership in targeted growth areas. The acquisition of Sunrise
Technology strengthens our position in OSS/BSS, which is one of the
targeted areas. Great strides have been made already, with leading
analyst firms describing Ericsson's OSS/BSS portfolio as the most
comprehensive offering in the telecom market. To maintain momentum
in OSS/BSS, Ericsson has previously acquired companies such as
Telcordia (2012), TeleOSS and Telcocell (2013), GEOSS (2014), and
TimelessMIND (2015).
Sunrise Technology's telecom business will be
integrated with Ericsson's Global Services business, which employs
65,000 employees in 180 countries. Ericsson's consultants and
systems integrators complete more than 1,500 consulting, systems
integration and learning services projects in multi-vendor and
multi-technology environments each year.
NOTES TO EDITORS
Consulting and Systems Integration press
backgrounder
OSS/BSS press backgrounder
OSS/BSS Success Stories
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, business and
society 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 approximately 115,000
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 2014 were SEK 228.0
billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock
exchange in Stockholm and the NASDAQ in New York.
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com
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Phone: +46 10 719 00 00
E-mail: investor.relations@ericsson.com
Ericsson acquires telecom IT
services business in China
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Source: Ericsson via Globenewswire
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