Ericsson has signed an agreement to acquire the telecom wing of China’s Sunrise Technology. Sunrise Technology, with headquarters in Guangzhou, China, is a provider of IT services in the OSS BSS (operations and business support systems) domain. The company will continue to run as a separate body and will serve its customers in all other sectors it served previously, except for the telecom domain.
The business body that is to be acquired is a well known service unit with record of delivering multifaceted IT solutions to leading telecom operators of Mainland China. Nearly 1,000 employees of Sunrise Technology, all of whom are based in Guangzhou , will now be joining Ericsson by the second quarter of this year, subject to routine acquisitions-based closing conditions.
This employee base has an expertise in a number of niches such as IT consulting, systems integration, CRM (customer relationship management), business analytics, business intelligence solutions, and application maintenance and development.
Magnus Mandersson, the Executive Vice President of Ericsson said that China is the world's biggest mobile market when the number of subscriptions is considered – nearly 1.2 billion. Most of the telecom operators in China are at the start of an IT transformation journey, and will replace their legacy systems pretty soon with advanced solutions that can enable them in launching digital services. He added that the acquisition of the telecom unit of Sunrise Technology will help Ericsson in boosting its ability to serve telecom operators’ transformation needs in China, helping the company in nearing its goal of becoming a global leader in ICT.
This acquisition has significantly strengthened the company’s position in China and it shows its commitment in the telecom sector of the country.