Aastra to take over Ericsson's iPBX Unit
Ericsson has entered into an agreement to divest its enterprise PBX solutions business to Aastra Technologies, a provider of open standard internet protocol based and traditional networking solutions. The agreement involves transfer of approximately 630 employees of which some 360 are based in Sweden. The transaction is expected to close in April 2008.
Ericsson's enterprise PBX solutions business provides IP PBX, converged PBX systems and branch office solutions. The product portfolio includes communications solutions for enterprises of all sizes, mobility solutions, telephone terminals and services.
Executing on the strategy for the multimedia business, Ericsson says that it would focus on providing its broad portfolio of enterprise applications directly to operators and service providers. Strategic products from the acquisition of Netwise will also remain within Ericsson.
Source: TradingMarkets
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Posted to PBX / iPBX