Ericsson has signed an agreement to sell the Planet EV tool suite to CTS International. The sale includes the transfer of approximately 60 employees and is expected to close within 30 days.
The sale is in line with Ericsson’s overall network planning strategy and includes all general business activities surrounding the Planet EV suite, such as development, product management and sales resources.
Planet EV is a network planning platform for network design, optimization and data management that was acquired by Ericsson in 2006 along with other business assets from Marconi.
Ericsson will continue to provide its customers with network planning services which combine products and services to increase value to the customer.
CTS is a provider of microwave transmission network planning solutions and has had an ongoing relationship with Ericsson and previously with Marconi that included integration of their microwave tool into Planet EV.
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.
Read more at http://www.ericsson.com
FOR FURTHER INFORMATION, PLEASE CONTACT
Patricia MacLean
Ericsson Canada
Phone: +1 416 414 7755
