Ericsson is set to acquire US-based MetraTech, a provider of metadata-based billing, commerce and settlement solutions.
The acquisition will enable Ericsson to enhance its expertise in billing and expand geographic presence in the US.
Ericsson said the acquisition addresses requirements in support of the new revenue models and global commerce that are being driven by IoT and XaaS business models.
Financial details were not disclosed.
The acquisition includes all 140 employees and contractors.
Earlier, Ericsson, which pioneering the Networked Society concept, acquired Telcordia.
MetraTech will enable Ericsson, the # telecommunications network vendor, to gain enough capabilities to support customers, partners and suppliers in multiple industries. MetraTech billing solutions assist customers to create personalized, multi-party agreements to meet business needs. This is valuable for industries undergoing technology or business model transformation.
“MetraTech’s metadata-based billing solutions strengthen our OSS and BSS portfolio and billing capabilities across a range of sectors,” said Per Borgklint, senior vice president and head of Business Unit Support Solutions, Ericsson.
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