Published on: 23rd Feb 2015
Ericsson has entered into an agreement to acquire the assets of TimelessMIND, a Canada based consulting and systems integration company specializing in operations and business support systems (OSS BSS).
Approximately 30 employees and consultants — based in Canada and India — are expected to join Ericsson.
The acquisition – which is expected to close in the second quarter of 2015, subject to customary closing conditions – complements Ericsson’s already comprehensive portfolio of consulting and systems integration services and OSS/BSS products. In particular, Ericsson will benefit from the TimelessMIND employees’ experience of working with telecom customers in Canada. In terms of OSS/BSS products, Ericsson will gain access to a flexible, cloud-based intranet enterprise solution and a rapid software assembly platform that delivers high-quality solutions to its customers.
Paolo Colella, Vice President and Head of Consulting and Systems Integration at Ericsson, says: “The acquisition of TimelessMIND enhances our capabilities and portfolio, bolstering our ability to support our customers while they undertake their ICT transformation journey.”
Sarabjit Sachar, CEO of TimelessMIND, says: “We are excited to be joining the Ericsson team as its global scale and presence will enable us to lend our expertise to a much broader array of customers.”