September 25, 2012 / 9:20 PM / 5 years ago

Ericsson buys Canada-based ConceptWave Software

1 Min Read

Ericsson's Silicon Valley campus is seen in Santa Clara, California, August 11, 2009.Robert Galbraith

(Reuters) - Ericsson, the world's leading mobile telecoms equipment maker, bought Canadian telecommunications software provider ConceptWave Software Inc.

Toronto-based ConceptWave will become a fully owned unit of Ericsson and its 170 employees will be a part of Ericsson.

Financial terms of the deal were not disclosed.

Shares of Ericsson closed at $9.21 on the Nasdaq on Tuesday.

Reporting by Chandni Doulatramani in Bangalore; Editing by Don Sebastian

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below