Ericsson acquires telecom IT services business in China
(Thomson Reuters ONE) -
* Sunrise Technology is a Guangzhou-based IT services provider
* Acquisition boosts Ericsson's IT services capabilities in China as
approximately 1,000 employees will join the company
* Contributes to Ericsson achieving its ambition of becoming a global ICT
leader
Ericsson (NASDAQ: ERIC) has signed a definitive agreement to acquire the telecom
business of Sunrise Technology, a provider of IT services in the operations and
business support systems (OSS/BSS) domain. Sunrise Technology, which is
headquartered in Guangzhou, China, will continue to exist as a separate entity -
serving customers in sectors other than telecom.
The unit being acquired has a strong track record of delivering complex IT
solutions to leading operators in China. Approximately 1,000 employees - almost
all of whom are based in Guangzhou - will join Ericsson by Q2 2015, subject to
customary closing conditions These employees have expertise in IT consulting;
systems integration for charging and billing systems, customer relationship
management and business intelligence/analytics solutions; and application
development and maintenance.
Magnus Mandersson, Executive Vice President and Head of Business Unit Global
Services at Ericsson, says: "China is the world's biggest mobile market in terms
of number of subscriptions, with 1.285 billion. Most of the country's telecom
operators are at the beginning of their IT transformation journeys, and will
soon replace their legacy IT systems with next-generation solutions that will
enable them to launch digital offerings. The acquisition of Sunrise Technology's
telecom business will boost our ability to serve mobile operators' IT
transformation needs in China, and is aligned with our strategy of becoming a
global ICT leader."
"The completion of this acquisition significantly strengthens our position in
China and shows our commitment to the market," says Mats H. Olsson, Senior Vice
President and Head of Asia-Pacific at Ericsson. "The skills and experience of
the Sunrise Technology employees will be key for us to continue providing
leading services to our customers in China."
Ericsson's strategy to create value builds on a combination of excelling in our
core business and establishing leadership in targeted growth areas. The
acquisition of Sunrise Technology strengthens our position in OSS/BSS, which is
one of the targeted areas. Great strides have been made already, with leading
analyst firms describing Ericsson's OSS/BSS portfolio as the most comprehensive
offering in the telecom market. To maintain momentum in OSS/BSS, Ericsson has
previously acquired companies such as Telcordia (2012), TeleOSS and Telcocell
(2013), GEOSS (2014), and TimelessMIND (2015).
Sunrise Technology's telecom business will be integrated with Ericsson's Global
Services business, which employs 65,000 employees in 180 countries. Ericsson's
consultants and systems integrators complete more than 1,500 consulting, systems
integration and learning services projects in multi-vendor and multi-technology
environments each year.
NOTES TO EDITORS
Consulting and Systems Integration press backgrounder
OSS/BSS press backgrounder
OSS/BSS Success Stories
Download high-resolution photos and broadcast-quality video at
www.ericsson.com/press
Ericsson is the driving force behind the Networked Society - a world leader in
communications technology and services. Our long-term relationships with every
major telecom operator in the world allow people, business and society to
fulfill their potential and create a more sustainable future.
Our services, software and infrastructure - especially in mobility, broadband
and the cloud - are enabling the telecom industry and other sectors to do better
business, increase efficiency, improve the user experience and capture new
opportunities.
With approximately 115,000 professionals and customers in 180 countries, we
combine global scale with technology and services leadership. We support
networks that connect more than 2.5 billion subscribers. Forty percent of the
world's mobile traffic is carried over Ericsson networks. And our investments in
research and development ensure that our solutions - and our customers - stay in
front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales
in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ
OMX stock exchange in Stockholm and the NASDAQ in New York.
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
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Ericsson acquires telecom IT services business in China:
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Datum: 16.03.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 378769
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