Ericsson closes acquisition of Canada-based TimelessMIND
Ericsson announced the completion of its acquisition of TimelessMind, a Canada-based consulting and systems integration company specializing in operations and business support (OSS/BSS). The closing follows the announcement on February 20, 2015, that Ericsson entered into an agreement to acquire the assets of TimelessMIND.
Paolo Colella, Vice President and Head of Consulting and Systems Integration at Ericsson, says: With TimelessMind we further expand our consulting and systems integration portfolio and enhance our commitment to support our customers during their ICT transformation.
Ericsson welcomes approximately 30 employees and consultants, based in Canada and India, who will transition to Ericsson on April 9, 2015.
The acquisition complements Ericsson’s already comprehensive portfolio of consulting and systems integration services and OSS/BSS products.
Ericsson aims to provide a complete, end-to-end portfolio of hardware, software and services that meets operators’ business, networks and IT needs. This comprehensive portfolio also enables Ericsson to guide operators through a transformation that aligns their business processes with their networks and IT for optimal efficiency. Over the years, Ericsson has made a number of strategic acquisitions in order to broaden its portfolio, and this is just the most recent example.
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