Monday, June 4, 2007

Ericsson Sells Planet EV Planning Tool Business to CTS

Ericsson will sell its Planet EV network planning tool suite and associated business to CTS International for an undisclosed sum. Planet EV is a network planning platform for network design, optimization and data management that was acquired by Ericsson in 2006 along with other business assets from Marconi.

The sale includes the transfer of approximately 60 employees and is expected to close within 30 days.

Ericsson said it will continue to provide its customers with network planning services which combine products and services to increase value to the customer.

CTS is a provider of microwave transmission network planning solutions and has had an ongoing relationship with Ericsson and previously with Marconi that included integration of their microwave tool into Planet EV.

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