Ericsson Closes Telcordia Deal
As of today, Telcordia now is part of Ericsson Group; the $1.15 billion deal, proposed last summer, also has some 2,600 employees joining the new owner.??
N.J.-based Telcordia will be managed by Ericsson’s business unit Multimedia but sales and margins will be shared between Multimedia and Services business units, depending on portfolio mix.
"OSS and BSS are key to drive the customer experience and serve as the engine to monetizing traffic, offerings and products that operators sell. All in all, these systems are crucial to create the experience users expect in a cost-efficient manner," comments Per Borgklint, head of Ericsson’s Multimedia. "The addition of Telcordia’s skilled people and knowledge, a good multi-vendor product portfolio and an important customer base in North America, complement Ericsson’s already established position in the OSS/BSS space.” ??
Ericsson believes OSS/BSS is “a growing market driven by the demand for business efficiency, innovation and high quality user experience. In 2010, the market for software and systems integration was valued at about $35 billion and is expected to show a compound annual growth rate between 6 percent and 8 percent between 2010 and 2013. In addition, there is an attractive market for outsourced and hosted OSS and BSS managed services, growing in the same range.”?
