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Ericsson Buys Distrocraft Assets

Ericsson acquires assets of Finnish software company Distocraft

August 31, 2006

1 Min Read

STOCKHOLM -- Ericsson (NASDAQ:ERIC) today announced that it had reached an agreement with Finnish company Distocraft Oy to acquire the assets of Distocraft's business. The company, with 42 employees, specializes in software development for mobile network performance management.

In today's highly competitive environment, increasingly more focus is being placed on network and service management to reduce costs without compromising quality of service. Performance management systems give operators information about their networks performance, allowing them to improve efficiency and reduce time-to-market.

With this acquisition, Ericsson will expand the capabilities of its market-leading OSS portfolio, addressing both new technologies, such as HSPA (High-Speed Packet Access), IMS (IP Multimedia Subsystem) and 3G LTE (3G Long-Term Evolution), and multivendor environments.

Kurt Jofs, Executive Vice President and General Manager, Business Unit Access, Ericsson, says: "I am pleased to announce this acquisition. It will further strengthen our ability to support our customers with best-in-class network management, allowing them to focus on the introduction of attractive end-user services."

Ericsson AB (Nasdaq: ERIC)

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