Ericsson buys metadata billing specialist

Swedish vendor Ericsson on Tuesday agreed to acquire US-based MetraTech, a provider of metadata-based billing, commerce and settlement tools. Financial details were not disclosed but the acquisition is not telecom specific. Ericsson said MetraTech’s billing suite is adaptable to multiple business models and industries, extending the company’s presence into other key markets, including transport and utilities.

The acquisition will see Ericsson acquire 140 employees and contractors specialising in software development and expanding Ericsson’s geographic presence in the US.

Ericsson said it will gain capabilities to support customers, partners and suppliers in multiple industries and accelerate the creation and delivery of new value-added services, with customers able to create fluid, personalised, multi-party agreements to meet unique business needs.

Per Borgklint, Senior Vice President and Head of Business Unit Support Solutions, Ericsson, said: “For a range of industries, thriving in the Networked Society means having the ability to quickly support new revenue models and shift strategies as fast as customer and partner needs evolve. MetraTech’s metadata-based billing solutions strengthen our extensive OSS and BSS portfolio and billing capabilities across a range of sectors, helping us extend our leadership as we support a world with increasingly more connections.”

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