Thursday, June 7, 2007

Ericsson Acquires Drutt for Mobile Service Delivery Platform

Ericsson agreed to acquire Sweden-based Drutt Corporation for an undisclosed sum. Drutt supplies a Mobile Service Delivery Platform (MSDP) that helps operators mobilize and charge for any content to any kind of mobile device, over any mobile network and delivery channel. Drutt claims deployments in more than 60 telecom operators in 35 countries, managing millions of transactions every day.

Drutt Corporation has subsidiaries in Sweden, China, Canada and Mexico and is owned by Provider Venture Partners Funds, TeliaSonera and certain employees. The company employs about 85 people and more than 90 percent of the employees reside in Sweden, where the global operations are located.