Ericsson Acquires ConceptWave

STOCKHOLM -- Today Ericsson (NASDAQ: ERIC) announced the acquisition of the Canadian company ConceptWave in an all cash transaction. The company was founded in 2000 and has developed leading-edge software solutions primarily for telecom operators.

Acquiring ConceptWave complements and strengthens Ericsson's offering in the area of operations- and business support systems (OSS/BSS) with world leading Order Management and Product Catalog solutions, providing solutions to better support network operators with their handling of activities related to personalizing end-user offerings and revenue management solutions.

Ericsson AB (Nasdaq: ERIC)