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Ericsson Completes Acquisition Of Vonage

PUBLIC · ERICJul 21, 2022

Acquiring Company

Ericsson

Acquired Company

May Mobility

SwedenUnited StatesMobileTelecommunicationsProfessional ServicesSoftwareE CommerceFashionBlockchainCryptocurrency

Description

Ericsson (NASDAQ: ERIC) has completed its acquisition of Vonage Holdings Corp. (Vonage) (NASDAQ: VG), supporting Ericsson's strategy to leverage technology leadership to grow its mobile network business and expand into enterprise. The acquisition provides Ericsson with access to powerful building blocks to offer a full suite of communications solutions including, Communications Platform as a Service (CPaaS), UCaaS and CCaaS.

Quick answer

Ericsson is acquiring May Mobility, announced July 21, 2022. Ericsson is based in Sweden.

How much did Ericsson pay for May Mobility?
The deal value was not disclosed.
What does Ericsson do?
Ericsson enables communications service providers to capture the full value of connectivity.
Where are Ericsson and May Mobility based?
Ericsson is based in Sweden. May Mobility is based in United States.
Who are the decision-makers at Ericsson?
Fundz holds 2 contacts at Ericsson. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Ericsson

Location

Sweden

About

Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com

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Frequently asked

Who acquired May Mobility?

May Mobility was acquired by Ericsson, based in Sweden. The deal was reported on July 21, 2022. Ericsson enables communications service providers to capture the full value of connectivity. Ericsson is publicly traded (ERIC) and operates in Mobile.

When did Ericsson acquire May Mobility?

Ericsson's acquisition of May Mobility was reported on July 21, 2022. Ericsson (NASDAQ: ERIC) has completed its acquisition of Vonage Holdings Corp. (Vonage) (NASDAQ: VG), supporting Ericsson's strategy to leverage technology leadership to grow its mobile network business and expand into enterprise. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does May Mobility do?

May Mobility, established in Ann Arbor, Michigan in 2017, is building the world's best autonomy system. Their proprietary Multi-Policy Decision Making (MPDM) system is at the core of their mission to help make cities safer, greener, and more accessible. It is privately held, operating in Professional Services, and is based in United States.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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