Ericsson continues to strengthen in Silicon Valley
(Thomson Reuters ONE) -
* Head of Business Unit Support Solutions, Per Borgklint, will be based in
Silicon Valley to fully leverage key acquisitions made in North America -
Telcordia, Microsoft Mediaroom and ConceptWave
* Strengthens Executive Leadership presence in Silicon Valley
* Silicon Valley presence essential for Ericsson to ensure cooperation within
regional ecosystem of software developers, universities and media
companies
Ericsson (NASDAQ:ERIC) today announced that it will base its Head of Business
Unit Support Solutions, and member of the company's Executive Leadership Team,
Per Borgklint in Silicon Valley.
Hans Vestberg, President and CEO of Ericsson said: "North America is the driver
behind much of the innovation in the ongoing convergence of telecom, IT and
media. Our operations in Silicon Valley, where the important ecosystem of
software developers, media and other key players are present, ensure that we can
fully explore the opportunities for Ericsson across our entire business."
Per Borgklint said: "In 2012, 20 percent of Support Solution's sales were in
North America and, with the acquisitions of ConceptWave, Telcordia and most
recently Mediaroom, our overall operations in North America are growing in
significance. The move will also enable me to ensure that we fully leverage the
competence and skills of our new colleagues from these acquisitions. In
addition, I want to ensure that we continue to build on the important customer
relationships they bring. The move also reflects the growing importance of the
Silicon Valley operations across Ericsson's business and portfolio"
In past years Ericsson has built a significant base in Silicon Valley with
special focus on Internet Protocol (IP) development for its successful Smart
Services Router (SSR) as well as a part of its technology group driving Cloud
and software defined networking (SDN) strategy. Once finalized, the acquisition
of Mediaroom, will also add significantly to Ericsson's presence in Silicon
Valley.
Business Unit Support Solutions develops and delivers software-based solutions
for operations and business support systems (OSS and BSS), real-time enablement,
multi-screen and on-demand TV, compression and M-Commerce .
In total, Ericsson has some 15.000 employees in North America of which more than
1,100 are in Silicon Valley. Once completed, the acquisition of Mediaroom will
bring approximately an additional 300 employees to Ericsson in the United
States.
NOTES TO EDITORS
Profile and photographs of Per Borgklint:
www.ericsson.com/thecompany/corporate_governance/company_management
Download high-resolution photos and broadcast-quality video at
www.ericsson.com/press
Ericsson is a world-leading provider of communications technology and services.
We are enabling the Networked Society with efficient real-time solutions that
allow us all to study, work and live our lives more freely, in sustainable
societies around the world.
Our offering comprises services, software and infrastructure within Information
and Communications Technology for telecom operators and other industries. Today
40 percent of the world's mobile traffic goes through Ericsson networks and we
support customers' networks servicing more than 2.5 billion subscriptions.
We are more than 110,000 people working with customers in more than 180
countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In
2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson
is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
www.ericsson.com
www.ericsson.com/news
www.twitter.com/ericssonpress
www.facebook.com/ericsson
www.youtube.com/ericssonpress
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations(at)ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations(at)ericsson.com
Ericsson continues to strengthen in Silicon Valley:
http://hugin.info/1061/R/1717215/570917.pdf
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Source: Ericsson via Thomson Reuters ONE
[HUG#1717215]
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Datum: 18.07.2013 - 09:30 Uhr
Sprache: Deutsch
News-ID 279551
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