STOCKHOLM, SWEDEN -- (Marketwire) -- 01/21/13 --
* Ericsson to strengthen its consulting and systems integrationcapabilities 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 DevoteamTelecom& Media operations in France. Devoteam is a leader in Information andCommunications Technology consulting with 5000 employees in Europe, MiddleEastand Africa.
The completion of the acquisition is subject to consultation and customaryclosing conditions. It is expected to take place by the beginning of Q2,2013.
The deal will see 400 skilled, France-based, IT services professionals joinEricsson. It includes also the acquisition of TV SmartVision operations.
Devoteam Telecom & Media's main competences are in the areas of consultingandsystems integration for operations and business support systems, servicedelivery platforms and applications, IP Multimedia Subsystems, IP and radionetworks and TV. The acquisition complements Ericsson's existing strengthsinthese fields, both in the operator and media segments.
The acquisition is in line with Ericsson's services strategy to broaden itsITcapabilities.
"Acquiring activities of Devoteam adds unique expertise in complex,strategicand technical consulting engagements that will enable us to immediatelyenhancethe value that we bring to our customers," says Magnus Mandersson,Ericsson'sExecutive Vice President and Head of Business Unit Global Services. "It isfurther proof of Ericsson's commitment to act as the partner of choice forthebusiness transformation currently taking place within thetelecommunicationsindustry."
Derek Nutley, Telecoms Director at Devoteam declared: "This transactionfitswith Devoteam's 2015 strategic plan. It will allow us to focus more oninnovation around the Devoteam's value proposition. Ericsson is a keybusinesspartner of Devoteam - notably in UK and Mediterranean countries - and wehopethat this transaction will further strengthen our relationship. I amconvincedthat the teams of Devoteam Telecom & Media in France will benefit fromEricsson's end-to-end know-how, scale and global presence."
To enable customers to transform their operations and IT environments andtoimprove the user experience, increase efficiency and enable serviceinnovation,Ericsson offers a combination of strong services capabilities and acomprehensive software portfolio. Ericsson has 12,000 consulting andsystemsintegration professionals who deliver more than 1,500 consulting, systemsintegration and learning services projects in multivendor and multi-technologyenvironments each year.
NOTES TO EDITORS
Photo and profile of Magnus Mandersson:http://www.ericsson.com/thecompany/corporate_governance/company_management/magnus_mandersson
Press backgrounder Consulting and Systems Integration:http://www.ericsson.com/res/thecompany/docs/press/backgrounders/csi_press_backgrounder.pdf
Press backgrounder Global Services:http://www.ericsson.com/res/thecompany/docs/press/backgrounders/global_services_press_backgrounder.pdf
Download high-resolution photos and broadcast-quality video atwww.ericsson.com/press
Ericsson is the world's leading provider of communications technology andservices. We are enabling the Networked Society with efficient real-timesolutions that allow us all to study, work and live our lives more freely,insustainable societies around the world.
Our offering comprises services, software and infrastructure withinInformationand Communications Technology for telecom operators and other industries.Todaymore than 40 percent of the world's mobile traffic goes through Ericssonnetworks and we support customers' networks servicing more than 2.5 billionsubscribers.
We operate in 180 countries and employ more than 100,000 people. Founded in1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company'snetsales were SEK 226.9 billion (USD 35.0 billion). Ericsson is listed onNASDAQOMX, Stockholm and NASDAQ, New York stock exchanges.
Ericsson acquires Devoteam PDF:http://hugin.info/1061/R/1671925/543532.pdf
This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:(i) the releases contained herein are protected by copyright and other applicable laws; and(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE[HUG#1671925]
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail: Email Contact
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: Email Contact
Most Popular Stories
- Diplomatic, Financial Fix Sought for Ukraine Crisis
- 2 Million Long-term Jobless Have No Benefits
- Las Vegas Casino Wants 'Blackout Drunk' Gambler to Pony up $500,000
- Florida Insurers Reach Out to Hispanics
- Disney Lays Off 700 From Interactive Unit
- Stocks Get Green Light on Weekly Jobless Claims
- Staples Closing Stores, Moving Online
- Last Call for Hispanic Health Care Signups
- Costco Revenue Up, Profits Down in Q2
- Hillary Clinton Smacks Putin Again