Ericsson to buy platform provider Drutt

STOCKHOLM, SWEDEN:  Telecom equipment maker Ericsson said on Friday it had signed a deal to buy Sweden-based service delivery platform solutions provider Drutt Corporation with 85 employees.

Ericsson said in a statement that Drutt's Mobile Service Delivery Platform (MSDP) is commercially deployed in more than 60 telecom operators in 35 countries.

It said Drutt is owned by Provider Venture Partners Funds, TeliaSonera and certain employees and that it has subsidiaries in Sweden, China, Canada and Mexico.

The deal must be approved by authorities and the TeliaSonera board.