Reuters: Technology News: Ericsson buys Canada-based ConceptWave Software

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Ericsson buys Canada-based ConceptWave Software Sep 25th 2012, 21:20 Tue Sep 25, 2012 5:19pm EDT (Reuters) - Ericsson, the world's leading mobile telecoms equipment maker, bought Canadian telecommunications software provider ConceptWave Software Inc. Toronto-based ConceptWave will become a fully owned unit of Ericsson and its 170 employees will be a part of Ericsson. Financial terms of the deal were not disclosed. Shares of Ericsson closed at $9.21 on the Nasdaq on Tuesday.

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