Ericsson is set to acquire CENX as part of the strategy to enhance revenue from Ericsson’s Operations Support Systems (OSS) business.
Vendor-agnostic service assurance and closed-loop automation capability will assist Ericsson, which held a minority stake in CENX since 2012, to enhance OSS customer base and related revenues.
Sweden-based Ericsson aims to enhance its market leading position in the global NFV and orchestration market with the decision to buy 100 percent stake in CENX that has closed-loop automation and service assurance capabilities.
5G telecom operators will be leveraging network virtualization and orchestrate and automate network slices to serve the needs of enterprise customers towards their digital transformation – all while reducing operational costs.
“Dynamic orchestration is crucial in 5G-ready virtualized networks. By bringing CENX into Ericsson, we can continue to build upon the strong competitive advantage we have started as partners,” Mats Karlsson, head of Solution Area OSS, Ericsson, said.
Mats Karlsoon said closed-loop automation ensures Ericsson can offer its service provider customers an orchestration solution that is optimised for 5G use cases like network slicing, taking full advantage of Ericsson’s distributed cloud offering.
Ericsson’s global sales and delivery presence – along with its strong R&D – will also create economies of scale in the CENX portfolio and help Ericsson to offer in-house solutions for OSS automation and assurance.
CENX, founded in 2009, is headquartered in Jersey City, New Jersey. The company achieved significant revenue growth in the fiscal year that ended December 31, 2017. CENX employs 185 people.