STOCKHOLM (dpa-AFX) - Ericsson (ERIC) announced Tuesday that it agreed to acquire US-based MetraTech Corp., a provider of metadata-based billing, commerce and settlement solutions uniquely adaptable to multiple business models and industries. The acquisition includes all 140 employees and contractors comprising a team of highly-skilled software experts.
The acquisition is expected to close before the end of the third quarter 2014, subject to customary closing conditions.
MetraTech was founded in 1998 and is headquartered in Boston in the US. It supports a broad customer base of leading companies from a range of industries in 150 countries, 36 languages and 28 currencies. The company has 140 employees and contractors.
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