STOCKHOLM, SWEDEN — (Marketwire) — 01/21/13 —
* Ericsson to strengthen its consulting and systems integration
capabilities with the acquisition in France of Devoteam Telecom & Media
* 400 skilled IT-services professionals to join Ericsson
* Completion of the acquisition is expected by the beginning of Q2, 2013
Ericsson (NASDAQ: ERIC) today announces its intention to acquire Devoteam
Telecom
& Media operations in France. Devoteam is a leader in Information and
Communications Technology consulting with 5000 employees in Europe, Middle
East
and Africa.
The completion of the acquisition is subject to consultation and customary
closing conditions. It is expected to take place by the beginning of Q2,
2013.
The deal will see 400 skilled, France-based, IT services professionals join
Ericsson. It includes also the acquisition of TV SmartVision operations.
Devoteam Telecom & Media-s main competences are in the areas of consulting
and
systems integration for operations and business support systems, service
delivery platforms and applications, IP Multimedia Subsystems, IP and radio
networks and TV. The acquisition complements Ericsson-s existing strengths
in
these fields, both in the operator and media segments.
The acquisition is in line with Ericsson-s services strategy to broaden its
IT
capabilities.
“Acquiring activities of Devoteam adds unique expertise in complex,
strategic
and technical consulting engagements that will enable us to immediately
enhance
the value that we bring to our customers,” says Magnus Mandersson,
Ericsson-s
Executive Vice President and Head of Business Unit Global Services. “It is
further proof of Ericsson-s commitment to act as the partner of choice for
the
business transformation currently taking place within the
telecommunications
industry.”
Derek Nutley, Telecoms Director at Devoteam declared: “This transaction
fits
with Devoteam-s 2015 strategic plan. It will allow us to focus more on
innovation around the Devoteam-s value proposition. Ericsson is a key
business
partner of Devoteam – notably in UK and Mediterranean countries – and we
hope
that this transaction will further strengthen our relationship. I am
convinced
that the teams of Devoteam Telecom & Media in France will benefit from
Ericsson-s end-to-end know-how, scale and global presence.”
To enable customers to transform their operations and IT environments and
to
improve the user experience, increase efficiency and enable service
innovation,
Ericsson offers a combination of strong services capabilities and a
comprehensive software portfolio. Ericsson has 12,000 consulting and
systems
integration professionals who deliver more than 1,500 consulting, systems
integration and learning services projects in multivendor and multi-technology
environments each year.
NOTES TO EDITORS
Photo and profile of Magnus Mandersson:
Press backgrounder Consulting and Systems Integration:
Press backgrounder Global Services:
Download high-resolution photos and broadcast-quality video at
Ericsson is the world-s 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
more than 40 percent of the world-s mobile traffic goes through Ericsson
networks and we support customers- networks servicing more than 2.5 billion
subscribers.
We operate in 180 countries and employ more than 100,000 people. Founded in
1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company-s
net
sales were SEK 226.9 billion (USD 35.0 billion). Ericsson is listed on
NASDAQ
OMX, Stockholm and NASDAQ, New York stock exchanges.
Ericsson acquires Devoteam PDF:
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Source: Ericsson via Thomson Reuters ONE
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