The software side of the telecom vendor space has been rather dynamic lately, and today it saw an interesting bit of consolidation. The Swedish giant Ericsson has announced an agreement to acquire US-based CENX.
CENX was originally born as an Ethernet Exchange, but swiftly shifted gears when it found the software it developed for that platform was more popular than the platform itself. The company has developed service automation and assurance capabilities within the wider sphere of network orchestration.
Of particular interest to Ericsson is what those capabilities can contribute toward 5G deployment challenges, such as the automation of network slicing. Ericsson is very familiar with CENX’s technology, as it had already owned a minority stake in the company. This deal just brings it entirely in-house.
Financial terms were not disclosed. Some 185 employees will be making the jump over to Ericsson, which will add the company’s human and technical resources to its OSS and managed services portfolio.
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Categories: Mergers and Acquisitions · Software · Telecom Equipment
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