Ericsson becomes Gold Member of the OpenStack Foundation
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For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130415:nHUGd29L *Ericsson has been accepted as a Gold Member of the OpenStack Foundation *Ericsson enters into close relationships with the OpenStack Foundation and other companies that actively promote the OpenStack standard *Through its product offerings and R&D investments in OpenStack, Ericsson demonstrates its firm commitment to building telecom-grade cloud computing solutions in an open-standard environment *Ericsson brings OpenStack into telecom networks, enabling flexible application development where networks and data centers will share the same execution environment At the OpenStack Summit, taking place from April 15-18, the OpenStack Foundation's Board of Directors approved Ericsson's (NASDAQ: ERIC) application to become a Gold Member of the cloud-computing organization, based its firm commitment to the community - a commitment it has demonstrated with its specific product offerings and R&D investment. At Ericsson, cloud technology is regarded as one of the key enablers of the Networked Society. Telecom networks are soon to benefit from cloud technology and all the related business, which boosts innovation, efficiency and time-to-market. Ericsson believes in open standards, which help to create a mass market and scope for open innovation. With networks built on open cloud standards, the road is open towards new ways of building networks. Such standards also enable the speedy introduction of new services. These are the reasons for Ericsson's commitment to OpenStack, and for its selection of the technology for product offerings. OpenStack is the standard chosen for the virtualization layer of the Ericsson Cloud System. This solution will open up telecom networks for flexible application development where networks and data centers will share the same execution environment. Jonathan Bryce, Executive Director of the OpenStack Foundation, says: "With a large, established customer base of telco operators and strong product and R&D commitment to OpenStack, we welcome Ericsson to the OpenStack Foundation as a new Gold Member. Companies like Ericsson have the ability to help drive adoption of OpenStack and expand our footprint of large scale carriers globally." Jan Färjh, Vice President, Head of Standardization and Industry for the Ericsson Group, says; "Operator networks need to evolve to enable distribution of cloud capabilities across the entire network and to allow introduction of new functions in the network, in a flexible way. The OpenStack-based Cloud Execution Environment is our open platform for operators, which brings us closer to fulfilling our vision of the Networked Society." Ericsson is the world leader in mobile network infrastructure, with a 35 per cent global market share in 2012. With its long experience and know-how in the network-operator market segment, Ericsson will bring new opportunities to OpenStack and increase its addressable market. NOTES TO EDITORS Ericsson defines the cloud evolution - Ericsson Cloud System http://www.ericsson.com/thecompany/press/releases/2013/02/1677723 http://www.ericsson.com/thecompany/press/releases/2013/02/1677723 Download high-resolution photos and broadcast-quality video at www.ericsson.com/press http://www.ericsson.com/press Ericsson is a world-leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world. Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today 40 percent of the world's mobile traffic goes through Ericsson networks and we support customers' networks servicing more than 2.5 billion subscriptions. We are more than 110,000 people working with customers in more than 180 countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion). 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The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Ericsson via Thomson Reuters ONE HUG#1693211