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Ericsson Buys Majority Stake in Apcera

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9/22/2014
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STOCKHOLM -- Ericsson (NASDAQ:ERIC) today announced it has agreed to acquire a majority stake in Apcera, a U.S.-based enterprise services company and creator of the next-generation platform as-a-service (PaaS) called Continuum(TM) which works across cloud, on premise and hybrid environments. In addition, Ericsson commits to significant funding toward development of next-generation technology as well as sales channel and ecosystem creation.

Cloud technology is disrupting the global ICT infrastructure market, and service providers must modernize to provide more value to their customers. With the addition of Apcera's PaaS technology to Ericsson's Cloud offerings, Ericsson will deliver complete cloud automation to run all workloads and use cases, while providing complete control for infrastructure.

Ericsson is the leader in policy-based automation and governance of telecom networks. The acquisition shows the company's ambition in extending that same approach into operator and enterprise clouds. Cloud is one of the strategic areas Ericsson is targeting for growth, and establishing leadership in PaaS is a key to its success.

Ericsson AB (Nasdaq: ERIC)

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