Ericsson to Acquire TeleOSS
Ericsson (NASDAQ:ERIC) today announced its intention to acquire the entire business of TeleOSS Consulting Ltd. in a business transfer agreement. TeleOSS Consulting Ltd. is a specialist in consulting and systems integration for Operating Support Systems (OSS), based in Bangkok, Thailand.
The completion of the acquisition is subject to consultation and customary closing conditions and is expected to take place by the end of Q3, 2013. The deal sees around 50 skilled, Thailand-based OSS systems integration professionals join Ericsson.
TeleOSS Consulting Ltd. delivers OSS-related solutions to telecom service providers, particularly in the areas of inventory and traffic management and software development. The acquisition complements Ericsson's existing consulting and systems integration expertise in these fields and will further strengthen the company’s customer relations and OSS transformation capabilities in South-East Asia and Oceania.
"The acquisition of the entire business of TeleOSS Consulting Ltd. will complement our capabilities in systems integration for OSS in South East Asia and Oceania, particularly in the areas of traffic and inventory management areas to offer a wide-range of solutions to our customers," says Paolo Colella, Head of Consulting and Systems Integration at Ericsson. "This strategic investment is in line with our long term ambition and commitment to strengthen our capabilities in the IT transformation area."