Ericsson Acquires Telecom IT Services Business in China
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Ericsson says that it has signed an agreement to acquire the telecom business of Sunrise Technology,
a provider of IT services in the operations and business support
systems (OSS BSS) domain. Sunrise Technology, which is headquartered in
Guangzhou, China, will continue to exist as a separate entity serving
customers in sectors other than telecom.
The unit being acquired has a strong track record of delivering complex IT
solutions to leading operators in China. Approximately 1,000 employees - almost
all of whom are based in Guangzhou - will join Ericsson by Q2 2015, subject to
customary closing conditions These employees have expertise in IT consulting;
systems integration for charging and billing systems, customer relationship
management and business intelligence/analytics solutions; and application
development and maintenance.
"The completion of this acquisition significantly strengthens our
position in China and shows our commitment to the market," says Mats H.
Olsson, Senior Vice President and Head of Asia-Pacific at Ericsson. "The
skills and experience of the Sunrise Technology employees will be key for us to
continue providing leading services to our customers in China."
Sunrise Technology's telecom business will be integrated with Ericsson's
Global Services business, which employs 65,000 employees in 180 countries.
Ericsson's consultants and systems integrators complete more than 1,500
consulting, systems integration and learning services projects in multi-vendor
and multi-technology environments each year.
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