Saturday, September 13, 2014

Ericsson buys Fabrix Systems – Business World

Ericsson buys Fabrix Systems – Business World

The Company has entered into an agreement to purchase Fabrix Systems, engaged in cloud storage, computing, and network delivery of video applications.

According to a press release.

Ericsson buys the whole company to the purchase price of $ 95,000,000. The acquisition is expected to close during the fourth quarter and will be included in the business unit Support Solutions.

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