Ericsson Buys Turkish Integrator

STOCKHOLM -- Ericsson (NASDAQ:ERIC) today announced that it has acquired 100 percent of the shares of Bizitek, the leading Turkish systems integrator of business support systems. With this acquisition, Ericsson will strengthen its local R&D force as well as its leadership in the field of systems integration.

With its expertise in the field of business support systems, Bizitek will add strategic competence to Ericsson's services portfolio. The competence acquired will further strengthen Ericsson's ability to help operators deal with the challenge of transforming their networks to all-IP and optimizing their operations support systems and business support systems.

The acquisition gives Ericsson an additional competence to provide end-to-end solutions in business support systems for charging, provisioning, billing and customer relations management.

Anders Lindblad, President of Ericsson in Turkey and Israel, underlines the importance of this agreement, which further strengthens Ericsson's leadership in the services arena. "This agreement stands as a milestone in Ericsson's 118 years of presence in Turkey. Systems integration is a key area for Ericsson as operators are starting their network transformation programs."

Ericsson AB (Nasdaq: ERIC)