Ericsson is buying metadata-based billing, commerce and settlement company MetraTech Corp in a bid to boost its B/OSS offering and also expanded an existing deal with Australia's National Broadband Network Company.
US-based MetraTech offers two billing solutions and a customer base that includes Accenture, Fujitsu, Microsoft and TeliaSonera.
Ericsson said the acquisition addresses “unique requirements” in support of the new revenue models and global commerce that are being driven by IoT and XaaS business models.
Ericsson’s Head of Support Solutions Per Borgklint said: "For a range of industries, thriving in the networked society means having the ability to quickly support new revenue models and shift strategies as fast as customer and partner needs evolve.
“MetraTech's metadata-based billing solutions strengthen our extensive OSS and BSS portfolio and billing capabilities across a range of sectors, helping us extend our leadership as we support a world with increasingly more connections."
MetraTech, which was founded in 1998, will also expand the Sweden-based vendor’s footprint in North America.
All 140 of the company’s employees and contractors will move to Ericsson.
Financial details of the deal were not disclosed but Ericsson said it expects to close the acquisition before the end of the third quarter.
Earlier this month, Ericsson revealed revenues in its Support Solutions division rose 21 percent, partly due to the impact of Mediaroom, which it bought from Microsoft last year.
Meanwhile, the company also announced it has extended a managed services deal with Australia's National Broadband Network Company.
The expanded partnership includes the operation of the ground component of the Long Term Satellite Solution (LTSS) and customer service activation, as well as the fixed wireless network.
The agreement will help NBN Co meet increasing calls for high-speed broadband services in rural Australia, which are expected to reach 12,000 to 15,000 installations per month in 2016.
NBN Co is an open-access, wholesale fixed broadband service provider, and was created to implement the Australian Federal Government's national broadband policy.