Ericsson Buys Support Company
Ericsson today announced that it has acquired ConceptWave for an undisclosed amount of cash. ConceptWave, which is based in Toronto, provides operational support systems and business support systems. ConceptWave's customers are based worldwide. According to Ericsson, the acquisition will help it to strengthen its own support services for its wireless network operator customers. For example, Ericsson manages Sprint's cell towers. Ericsson acquired ConceptWave's approximate 170 employees as part of the deal, which has already closed.