**Editor's Note: Please click here for the biggest M&A in Q2 2012 in the service-provider and BSS/OSS spaces.**
Infrastructure giant Ericsson has acquired Toronto-based ConceptWave in an all-cash deal that Ericsson says complements and strengthens its BSS/OSS offerings with order management and product catalog solutions.
Ericsson says the buy will help it to provide solutions to better support network operators with their handling of activities related to personalizing end-user offerings and revenue-management solutions.
"There is a trend towards more personalization of services where end-users want to purchase communications services meeting their individual needs," said Elisabetta Romano, head of OSS in business unit support solutions, Ericsson. "This puts high demand on telecom operators to be able to offer flexible product bundles with customized pricing packages. In this area ConceptWave's solutions and employees' expertise adds considerable value to Ericsson's portfolio."
ConceptWave was founded in 2000 and has developed software solutions primarily for telecom operators. It has a staff of 170 people.
The purchase price of the deal was not disclosed. The transaction closed at signing.