Francisco Partners to Invest $200 million in Ericsson's iconectiv Business

Francisco Partners to Invest $200 million in Ericsson's iconectiv Business Image Credit: iconectiv

Ericsson has secured a minority investment from Francisco Partners, a leading global private equity firm, which specializes in investments in technology businesses, for its iconectiv business.

Francisco Partners will invest USD 200 million to acquire a 16.7% ownership in iconectiv. Headquartered in the United States, iconectiv which was built on assets from Telcordia, a company Ericsson acquired in 2012, develops market-leading solutions that enable operators to interconnect networks.

The company's solutions are used by more than 1,200 service providers, regulators, enterprises, and content providers worldwide, claims Ericsson. iconectiv is also the global leader in providing numbering solutions and most recently was designated by the U.S. Federal Communications Commission to serve as the Local Number Portability Administrator in the U.S.

Since its launch over 17 years ago, Francisco Partners has raised over USD 10 billion in capital and invested in nearly 200 technology companies. In 2015, the company acquired Procera Networks in an all-cash transaction valued at approximately $240 million.

Per Borgklint, SVP, Chief Innovation Officer and Head of Business Unit Media, Ericsson
Having a U.S. partner as co-owner strengthens our ability to further grow iconectiv's business and create value in a dynamic market. iconectiv has emerged as the trusted partner for global network operators

Andrew Kowal, Partner ar Francisco Partners
iconectiv has emerged as the trusted partner for global network operators. We look forward to a strong partnership with Ericsson and the iconectiv management team.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Sony Acquires Altair Semiconductor for $212 million to Bolster IoT Business

NEXT POST

Google Snaps Up Orbitera to Increase Competitiveness in Cloud Market

THE EDITOR'S DESK

UPCOMING EVENTS

Artelligence 2019

Network Virtualization and SDN Asia

Network Virtualization & SDN Americas

Mobile 360 Digital Societies 2019

TADSummit 2019

MWC Los Angeles 2019

The Digitrans Forum 2019

Mobile 360 Eurasia 2019

ON TWITTER

ON FACEBOOK