Ericsson to acquire VC-backed software company CENX
Swedish telecommunications giant Ericsson (Nasdaq: ERIC) has agreed to acquire CENX, a provider of service assurance software solutions to mobile, wireline and enterprise network companies. No financial terms were disclosed. Founded in 2009 and based in Jersey City, New Jersey, CENX has its research and development facility in Ottawa. Ericsson has held a stake in CENX since 2012. The company's other investors include BDC Capital, Cross Creek Advisors, DCM Ventures, Highland Capital Partners, Mesirow Financial, Mistral Venture Partners and Verizon Ventures.
5 September 2018•3 mins read
