Ericsson on Monday announced the acquisition of a majority stake in Apcera, a U.S.-based enterprise services company.
Apcer’s platform as-a-service (PaaS) called Continuum works across cloud, on premise and hybrid environments.
Ericsson will be investing for developing Apcer technology Continuum as well as sales channel and ecosystem creation.
Last week, Ericsson said it would exit from its LTE modem business.
Apcera’s PaaS technology will support Ericsson to strengthen its Cloud offerings. Ericsson will deliver complete cloud automation to run all workloads and use cases, while providing control for infrastructure.
Ericsson wants to extend its leadership in policy-based automation and governance of telecom networks into operator and enterprise clouds.
Founded in 2012 and based in San Francisco, California, in the United States, Apcera will operate as a stand-alone company after the closing and will be consolidated financially under Segment Networks.
Ericsson did not share financial details.
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