Ericsson (NASDAQ:ERIC), the world leader in communication technologies and services, today announces the completion of its acquisition of Devoteam Telecom & Media in France. Today's closing follows the announcement on January 21, 2013.
Magnus Mandersson, Executive Vice President and Head of Business Unit Global Services, Ericsson, says: "Ericsson is strengthening its position in the consulting and systems integration (CSI) market in France with this acquisition. The shift toward increased consumer usage of advanced services is driving change as we move towards the networked society. CSI is of fundamental importance to transform operators’ businesses and improve end-customer experience."
Franck Bouétard, head of Ericsson in France says: "With the completion of this acquisition, we are now in a position to deliver in France end to end IT solutions and services to operators and media for their strategic assets that are networks, OSS, BSS and TV".
Ericsson welcomes 400 skilled IT-services employees who will be integrated into Ericsson in France over the coming months and will work under the Ericsson brand as of today. TV SmartVision operations are also part of the acquisition.
Ericsson is the clear market leader in telecom services worldwide providing a wide range of services to operators. The branch for Consulting and Systems Integration (CSI) services assist service providers and operators in driving business transformation and ensuring competitiveness at the intersection where IT meets networks. Ericsson has about 15,000 consulting and systems integration experts. Over 1,500 consulting and systems integration projects are delivered on a yearly basis. By including Devoteam Telecom & Media CSI professionals Ericsson broadens and strengthens its offerings and confirms the company's long term ambition and commitment to the area.
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Devoteam is an IT consulting group created in 1995, a preferred partner for accompanying the IT transformation of its clients. Combining consulting know-how and technical expertise enables Devoteam to provide its customers with independent advice and effective solutions that meet their strategic industrial objectives.
In 2012, Devoteam achieved revenues of 515M€. The Group consists of 4,664 employees in 23 countries across Europe, North Africa and the Middle East.
Ericsson is a world-leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world.
Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today 40 percent of the world's mobile traffic goes through Ericsson networks and we support customers’ networks servicing more than 2.5 billion subscriptions.
We are more than 110,000 people working with customers in more than 180 countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2012 the company’s net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
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