Ericsson acquires Canadian OSS/BSS company ConceptWave

TORONTO - Ericsson has acquired Toronto-based ConceptWave in an all-cash deal that Ericsson says complements and strengthens its OSS/BSS offerings with order management and product catalog solutions. ConceptWave was founded in 2000 and has developed leading-edge software solutions primarily for telecom operators and has a current staff of 170. The company's customers, primarily telecom operators, are located in Canada, USA, Latin America, Europe and Asia. "There is a trend towards more personalization of services where end-users want to purchase communications services meeting their individual needs. This puts high demand on telecom operators to be able to offer flexible product bundles...