& cplSiteName &

Tieto to Buy Siemens R&D Assets

Light Reading
News Wire Feed
Light Reading
1/15/2014
50%
50%

HELSINKI, Finland -- Tieto has signed an agreement with Siemens to acquire part of Siemens Convergence Creators’ Network Directory Server (NDS), IP Multimedia Systems (IMS), Home Location Register (HLR) and Radio Access (RA) businesses. The transaction will strengthen Tieto Product Development Services’ (PDS) portfolio in voice and IP transformation area.

As part of the planned acquisition, approximately 220 employees who are working in four countries and five locations will transfer to Tieto subsidiaries to be established as existing employees. The locations are Vienna in Austria, Zagreb in Croatia, Brno in the Czech Republic, Bratislava and Zilina in Slovakia. Based on the new competences, the transaction will open up Tieto PDS good opportunities to provide services from these Central European sites to both its existing and new customers.

Based on the acquisition, new business related to a significant customer will also transfer to Tieto PDS. However, as typical in telecom R&D, purchase commitments are short. Expected income from the business is based on local price level for telecom R&D. Over time, the transaction is expected to contribute to annual sales in excess of EUR 15 million. In addition, it is anticipated to improve PDS’ profit.

“With Tieto we hand over these businesses to a worthy successor, who guarantees that customer satisfaction for the provided services will stay at the same high level”, stated Daniel Felicio, CEO of Siemens Convergence Creators at contract signing ceremony.

“New expertise in IP Multimedia Subsystem, Subscriber Data Management, home Location Register and Radio Access areas allow us to build new offerings for our customers. New locations enhance our global delivery capability and drive forward our global Product Development Services strategy. The acquisition strengthens our capabilities in these future growth technologies and our role as a R&D leader in communications infrastructure”, says Antti Vasara, Executive Vice President, Tieto Product Development Services. The final transition to Tieto is expected to take place by 1 April 2014.

Tieto Corp.

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
June 26, 2018, Nice, France
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
The Telco Debt Binge May End Badly
Scott Raynovich, Founder and Principal Analyst, Futuriom, 6/15/2018
Comcast's Bid for Content, Growth & Whatever Comes Next
Phil Harvey, US News Editor, 6/13/2018
Source Packet Routing Gets Real in 2018
Sterling Perrin, Principal Analyst, Heavy Reading, 6/15/2018
Ciena CTO Says No to Skynet, Advocates Adaptive Networks
Kelsey Kusterer Ziser, Editor, 6/14/2018
Larry Ellison Laughed at the Cloud, Now the Cloud Is Laughing Back
Mitch Wagner, Executive Editor, Light Reading, 6/20/2018
Animals with Phones
Backing Up Your Work Is Crucial Click Here
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed