Thursday 28 March 2024
 
»
 
»
Story

Ericsson acquires key stake in US cloud company

LONDON, September 27, 2014

Ericsson said it has agreed to acquire a majority stake in Apcera, a US-based enterprise services company and creator of the next-generation platform as-a-service (PaaS) called Continuum which works across cloud, on premise and hybrid environments.

In addition, Ericsson said it was committed to significant funding towards development of next-generation technology as well as sales channel and ecosystem creation.

Cloud technology is disrupting the global ICT infrastructure market, and service providers must modernize to provide more value to their customers. With the addition of Apcera’s PaaS technology to Ericsson’s Cloud offerings, the telecom giant will deliver complete cloud automation to run all workloads and use cases, while providing complete control for infrastructure.

Ericsson is the leader in policy-based automation and governance of telecom networks. The acquisition shows the company’s ambition in extending that same approach into operator and enterprise clouds. Cloud is one of the strategic areas Ericsson is targeting for growth, and establishing leadership in PaaS is a key to its success.

Jason Hoffman, the vice president and head of product line cloud software, Ericsson said the beauty of the cloud was that it was much more efficient to develop, roll-out and operate applications.

"To realize the full potential, cloud environments need security and governance, which our partnership with Guardtime and our acquisition of a majority stake in Apcera provides. With these technologies in place, enterprises and individuals can trust the integrity and the confidentiality of their infrastructure," he noted.  

Derek Collison, the founder and chief executive of Apcera welcomed Ericsson’s backing.

"With a history of transforming the world’s most demanding businesses and the global ability to deploy and scale critical infrastructure, Ericsson will enable us to accelerate our innovation of Continuum and provide enterprises the next-generation platform that enables them to achieve a significantly faster time-to-market as they deploy, orchestrate and govern a diverse set of workloads, both on premise and in the cloud," he added.-TradeArabia News Service




Tags: US | Stake | Ericsson | Cloud |

More IT & Telecommunications Stories

calendarCalendar of Events

Ads