Ericsson has acquired the Canada-based ConceptWave, a company developing software primarily for telecommunication operators. Acquiring ConceptWave complements and enhances Ericsson's offering in the area of operations and business support systems (OSS/BSS) with order management and product catalog services. The all-cash transaction closed at signing. Order management is the discipline of handling and optimising fulfillment flow by scheduling and orchestrating tasks, materials and activities over time. A product catalog is a system that defines all the detailed components that a product consists of. Surrounding systems will use the product specifications in the catalogue in order to perform activities such as product bundling, campaign packaging and related revenue management.
