Connections +
News

Ericsson acquires Telcordia for US$1.15 billion

Ericsson today announced that it has reached an agreement with Providence Equity Partners, LLC and Warburg Pincus to acquire 100% of the shares of Telcordia, a developer of mobile, broadband and enterprise communications software and services,...


June 14, 2011  


Print this page

Ericsson today announced that it has reached an agreement with Providence Equity Partners, LLC and Warburg Pincus to acquire 100% of the shares of Telcordia, a developer of mobile, broadband and enterprise communications software and services, for US$1.15 billion.

“The importance of operations and business support systems will continue to grow as more and more devices are connected, services become mobile and new business models for mobile broadband are introduced,” said Hans Vestberg, president and CEO of Ericsson. “In this context, Telcordia brings very skilled people and knowledge, a large business in North America and other markets, as well as a good multi vendor product portfolio.”

One of the main challenges for operators is how to handle the growth in mobile and fixed broadband traffic, as well as the new types of connected devices, services and applications and the high expectations on user experience, “while at the same time increasing the efficiency in business and operations, Ericsson said in a release.

“OSS and BSS are critical areas to handle this challenge and to simplify the processes that support the business. They 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.”

Headquartered in Piscataway, N.J., Telcordia generated revenues of US$739 million during the last fiscal year ended January 31 of this year. The firm employs an estimated 2,600 people.