Welcome!

SDN Journal Authors: Yeshim Deniz, Liz McMillan, Elizabeth White, Pat Romanski, TJ Randall

News Feed Item

Ericsson continues to strengthen in Silicon Valley

STOCKHOLM, SWEDEN -- (Marketwired) -- 07/18/13 --


* Head of Business Unit Support Solutions, Per Borgklint, will be based in Silicon Valley to fully leverage key acquisitions made in North America - Telcordia, Microsoft Mediaroom and ConceptWave

* Strengthens Executive Leadership presence in Silicon Valley

* Silicon Valley presence essential for Ericsson to ensure cooperation within regional ecosystem of software developers, universities and media companies

Ericsson (NASDAQ: ERIC) today announced that it will base its Head of Business Unit Support Solutions, and member of the company's Executive Leadership Team, Per Borgklint in Silicon Valley.

Hans Vestberg, President and CEO of Ericsson said: "North America is the driver behind much of the innovation in the ongoing convergence of telecom, IT and media. Our operations in Silicon Valley, where the important ecosystem of software developers, media and other key players are present, ensure that we can fully explore the opportunities for Ericsson across our entire business."

Per Borgklint said: "In 2012, 20 percent of Support Solution's sales were in North America and, with the acquisitions of ConceptWave, Telcordia and most recently Mediaroom, our overall operations in North America are growing in significance. The move will also enable me to ensure that we fully leverage the competence and skills of our new colleagues from these acquisitions. In addition, I want to ensure that we continue to build on the important customer relationships they bring. The move also reflects the growing importance of the Silicon Valley operations across Ericsson's business and portfolio"

In past years Ericsson has built a significant base in Silicon Valley with special focus on Internet Protocol (IP) development for its successful Smart Services Router (SSR) as well as a part of its technology group driving Cloud and software defined networking (SDN) strategy. Once finalized, the acquisition of Mediaroom, will also add significantly to Ericsson's presence in Silicon Valley.

Business Unit Support Solutions develops and delivers software-based solutions for operations and business support systems (OSS and BSS), real-time enablement, multi-screen and on-demand TV, compression and M-Commerce .

In total, Ericsson has some 15.000 employees in North America of which more than 1,100 are in Silicon Valley. Once completed, the acquisition of Mediaroom will bring approximately an additional 300 employees to Ericsson in the United States.

NOTES TO EDITORS

Profile and photographs of Per Borgklint:

www.ericsson.com/thecompany/corporate_governance/company_management

Download high-resolution photos and broadcast-quality video at www.ericsson.com/press

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.

www.ericsson.com

www.ericsson.com/news

www.twitter.com/ericssonpress

www.facebook.com/ericsson

www.youtube.com/ericssonpress

Ericsson continues to strengthen in Silicon Valley:

http://hugin.info/1061/R/1717215/570917.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Ericsson via Thomson Reuters ONE

[HUG#1717215]

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: Email Contact

Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

CloudEXPO Stories
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. SD-WAN helps enterprises to take advantage of the exploding landscape of cloud applications and services, due to its unique capability to support all things cloud related.
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and GM, discussed how clients in this new era of innovation can apply data, technology, plus human ingenuity to springboard to advance new business value and opportunities.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to the new world.