Ericsson Relocates Head of Support Systems

STOCKHOLM -- Ericsson (NASDAQ:ERIC) today announced that it will base its Head of Business Unit Support Solutions, and member of the company's Executive Leadership Team, Per Borgklint in Silicon Valley.

Hans Vestberg, President and CEO of Ericsson said: "North America is the driver behind much of the innovation in the ongoing convergence of telecom, IT and media. Our operations in Silicon Valley, where the important ecosystem of software developers, media and other key players are present, ensure that we can fully explore the opportunities for Ericsson across our entire business."

Per Borgklint said: "In 2012, 20 percent of Support Solution's sales were in North America and, with the acquisitions of ConceptWave, Telcordia and most recently Mediaroom, our overall operations in North America are growing in significance. The move will also enable me to ensure that we fully leverage the competence and skills of our new colleagues from these acquisitions. In addition, I want to ensure that we continue to build on the important customer relationships they bring. The move also reflects the growing importance of the Silicon Valley operations across Ericsson's business and portfolio."

In past years Ericsson has built a significant base in Silicon Valley with special focus on Internet Protocol (IP) development for its successful Smart Services Router (SSR) as well as a part of its technology group driving Cloud and software defined networking (SDN) strategy. Once finalized, the acquisition of Mediaroom, will also add significantly to Ericsson's presence in Silicon Valley. Business Unit Support Solutions develops and delivers software-based solutions for operations and business support systems (OSS and BSS), real-time enablement, multi-screen and on-demand TV, compression and M-Commerce.

In total, Ericsson has some 15.000 employees in North America of which more than 1,100 are in Silicon Valley. Once completed, the acquisition of Mediaroom will bring approximately an additional 300 employees to Ericsson in the United States.

Ericsson AB