Ericsson has purchased Canadian billing company ConceptWave Software, a transaction that will add to its operational support systems and business support systems, or OSSs/BSSs.
The Swedish infrastructure vendor acquired all of ConceptWave's shares and closed the acquisition at signing yesterday. Financial terms of the deal were not announced.
Elisabetta Romano, head of Ericsson OSS in business unit support solutions, explained that ConceptWave's platform would help Ericsson offer products that allow operators to provide customers with more pricing options.
"There is a trend toward more personalization of services where end users want to purchase communications services meeting their individual needs," she said. "This puts high demand on telecom operators to be able to offer flexible product bundles with customized pricing packages."
ConceptWave will operate as an Ericsson subsidiary with its own management and will retain its workforce of 170 employees. The billing company's customers are mostly telecommunications providers in Canada, the United States, Latin America, Europe and Asia.
"Our products and solutions help maximize telecom operators' assets through the creation, implementation and automation of service fulfillment processes for new and differentiated offerings,” ConceptWave President and CEO Zarar Rana said.
The ConceptWave deal follows Ericsson's $1.15 billion acquisition of OSS/BSS giant Telcordia in 2011. The Telcordia merger expanded Ericsson's OSS/BSS portfolio in several key areas and gave it access to a substantial customer base of top-tier fixed-line providers.