TORONTO – Canadian consulting and systems integration company TimelessMIND is being acquired by Ericsson, the companies said Friday.
Financial terms of the deal, which is expected to close in the second quarter of 2015, were not disclosed. Approximately 30 employees and consultants – based in Canada and India – are expected to join Ericsson.
Ericsson said that the move complements its portfolio of consulting and systems integration services, and that it will benefit from the TimelessMIND employees' experience of working with telecom customers in Canada. In terms of operations and business support systems (OSS/BSS) products, Ericsson added that it will gain access to a flexible, cloud-based intranet enterprise solution and a rapid software assembly platform that delivers high-quality solutions to its customers.
"The acquisition of TimelessMIND enhances our capabilities and portfolio, bolstering our ability to support our customers while they undertake their ICT transformation journey", said Ericsson’s VP and head of consulting and systems integration Paolo Colella, in the news release.
"We are excited to be joining the Ericsson team as its global scale and presence will enable us to lend our expertise to a much broader array of customers", added TimelessMIND CEO Sarabjit Sachar.
