ERIC: Ericsson acquires assets of Finnish software company Distocraft

Ericsson (NASDAQ:ERIC) today announced that it had 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.

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.

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.

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."

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.