Ericsson acquires majority stake in cloud startup Apcera
In a move which marks Swedish telecom Ericsson's big commitment to the cloud business, the company has recently announced that it is acquiring a majority stake in Apcera - the 2012-founded enterprise services firm based in San Francisco. The financial terms of the acquisition have not been disclosed.
Apcera is the startup behind software which can run applications in clouds or in the data centers of companies. Apcera allows its client companies - including Ericsson, and financial services, media, and other telecommunications firms - to create, run, and manage applications in ways which are compliant with security and governance policies.
The acquisition of Apcera will give new cloud capabilities to Ericsson; thanks largely to Apcera's Continuum platform which is capable of working with either on-premises private clouds or public clouds, or in a hybrid model incorporating both.
Even after the acquisition by Ericsson - a deal which is likely to close by the end of the year -, Apcera will continue to remain a standalone company, though it will be able to use Ericsson's investment for the expansion of its sales channel and for developing its technology.
However, the Apcera Continuum platform will be incorporated by Ericsson into the Ericsson Cloud System --- the telecom company's set of hosted offerings for telephone carriers as well as network operators.
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