Ericsson (NASDAQ: ERIC) has reached an agreement with Finnish company Distocraft Oy to acquire the assets of Distocraft’s business. The company, with 42 employees, specializes in software development for mobile network performance management.
Kurt Jofs, Executive Vice President and General Manager, Business Unit Access, Ericsson, says: “I am pleased to announce this acquisition. It will further strengthen our ability to support our customers with best-in-class network management, allowing them to focus on the introduction of attractive end-user services.”
With this acquisition, Ericsson will expand the capabilities of its market-leading OSS portfolio, addressing both new technologies, such as HSPA (High-Speed Packet Access), IMS (IP Multimedia Subsystem) and 3G LTE (3G Long-Term Evolution), and multivendor environments.
In today’s highly competitive environment, increasingly more focus is being placed on network and service management to reduce costs without compromising quality of service. Performance management systems give operators information about their networks performance, allowing them to improve efficiency and reduce time-to-market.
Distocraft is based in Lahti and Helsinki, Finland, and is an independent software vendor specializing in software development for mobile network O&M. Its operations are concentrated in the Nordic and Baltic region. The company’s 42 employees will join Ericsson Finland.
Ericsson’s OSS offering is powerful in terms of capacity and is one of the few that can manage an entire network in a single system. Today, about 250 customers are using it worldwide.
About Ericsson
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
About Distocraft
Distocraft provides software solutions for wireless network performance management and service assurance. Distocraft brings wireless network operators flexible tools to improve their network quality and profitability and to make decisions on network investments and capacity allocation based on actual performance data. With Distocraft solutions, wireless network operators can improve service level to attract new subscribers and prevent churn, while lowering both capital and operating expenses. Founded in 1999 and privately held, Distocraft Ltd. is headquartered in Helsinki, Finland. Distocraft is a member of the TeleManagement Forum. Further information is available at www.distocraft.com.