STOCKHOLM, SWEDEN -- (Marketwired) -- 07/18/13 --
* Head of Business Unit Support Solutions, Per Borgklint, will be basedin 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 cooperationwithin regional ecosystem of software developers, universities and media companies
Ericsson (NASDAQ: ERIC) today announced that it will base its Head ofBusinessUnit Support Solutions, and member of the company's Executive LeadershipTeam,Per Borgklint in Silicon Valley.
Hans Vestberg, President and CEO of Ericsson said: "North America is thedriverbehind much of the innovation in the ongoing convergence of telecom, IT andmedia. Our operations in Silicon Valley, where the important ecosystem ofsoftware developers, media and other key players are present, ensure thatwe canfully explore the opportunities for Ericsson across our entire business."
Per Borgklint said: "In 2012, 20 percent of Support Solution's sales wereinNorth America and, with the acquisitions of ConceptWave, Telcordia and mostrecently Mediaroom, our overall operations in North America are growing insignificance. The move will also enable me to ensure that we fully leveragethecompetence and skills of our new colleagues from these acquisitions. Inaddition, I want to ensure that we continue to build on the importantcustomerrelationships they bring. The move also reflects the growing importance oftheSilicon Valley operations across Ericsson's business and portfolio"
In past years Ericsson has built a significant base in Silicon Valley withspecial focus on Internet Protocol (IP) development for its successfulSmartServices Router (SSR) as well as a part of its technology group drivingCloudand software defined networking (SDN) strategy. Once finalized, theacquisitionof Mediaroom, will also add significantly to Ericsson's presence in SiliconValley.
Business Unit Support Solutions develops and delivers software-basedsolutionsfor operations and business support systems (OSS and BSS), real-timeenablement,multi-screen and on-demand TV, compression and M-Commerce .
In total, Ericsson has some 15.000 employees in North America of which morethan1,100 are in Silicon Valley. Once completed, the acquisition of Mediaroomwillbring approximately an additional 300 employees to Ericsson in the UnitedStates.
NOTES TO EDITORS
Profile and photographs of Per Borgklint:
Download high-resolution photos and broadcast-quality video atwww.ericsson.com/press
Ericsson is a world-leading provider of communications technology andservices.We are enabling the Networked Society with efficient real-time solutionsthatallow us all to study, work and live our lives more freely, in sustainablesocieties around the world.
Our offering comprises services, software and infrastructure withinInformationand Communications Technology for telecom operators and other industries.Today40 percent of the world's mobile traffic goes through Ericsson networks andwesupport customers' networks servicing more than 2.5 billion subscriptions.
We are more than 110,000 people working with customers in more than 180countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden.In2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion).Ericssonis listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
Ericsson continues to strengthen in Silicon Valley:
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Source: Ericsson via Thomson Reuters ONE
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: Email Contact
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: Email Contact
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