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WirelessDevNet.com Press Release
CTS International Acquires Planet EV Product Line From Ericsson
Paris, May 30th, 2007 - CTS International (a company held by AGF Private Equity, GIMV and Sofinnova Partners) acquires the Planet EV wireless network planning software product line from Ericsson.
The Planet EV intellectual property, technology assets and human capital acquired through this transaction will enable the newly formed group to strengthen the leading, global position of Planet EV and Ellipse Microwave Planning in the field of wireless network planning and optimization.
CTS International combines a world-wide leading position in the field of microwave planning and a solid financial foundation to the established Planet EV business. The company is committed to delivering world-class customer service and to advancing the Planet EV product through continued innovation, with a strong focus on 3G and 4G.
Philippe Catherine, CTS International CEO: "Planet EV is a proven solution we have successfully distributed for over 3 years. This acquisition enables us to bring together two state-of-the-art solutions in the area of network planning with a combined heritage of more than 15 years in the industry. Planet EV and Ellipse Microwave Planning customers will benefit from this transaction through ongoing investments and dedication to the network planning and optimization market."
With 110 employees, the new organization will be headquartered in Paris and will have offices in Dallas, Ottawa, Hong Kong and Tokyo. It will serve and support a growing base of over 200 customers located in 90 countries.
This transaction is expected to close within 30 days, at which time the new organization will be launched globally with a new identity. The combined organization emerges as a leader in mobile and broadband wireless network design and optimization software solutions.
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