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Ericsson Partners with Evergent to Deliver End-to-End Solutions for Over-The-Top (OTT) Video Services

Partnership enables strategic, end-to-end solution enabling broadcasters, operators and content owners to quickly launch and monetize over-the-top (OTT) video services.

MENLO PARK, Calif.(14 May 2015)

Ericsson (NASDAQ: ERIC) has selected Evergent Technologies as a strategic global partner to accelerate the delivery of end-to-end solutions for OTT video services. Evergent has integrated its cloud based service management, product management, subscriber management, and billing platform with Ericsson Managed Player, and Ericsson Mediaroom Reach, the highly scalable platform for OTT video delivery to connected devices. The Evergent partnership helps Ericsson extend its strength in providing managed services including content management, product packaging and preparation, digital rights management, service management, subscriber management, and billing through Evergent and advertising insertion for multiple devices and platforms.

"OTT services are gaining in popularity with the consumer because they offer a plethora of choice, and in theory, ease of access to content," says Thorsten Sauer, Head of Broadcast and Media Services at Ericsson. "Broadcasters, operators and content owners around the world are eager to quickly launch OTT services and looking for an end-to-end solution that is easy to deploy, monetize, manage and scale. We chose Evergent because they have developed a leading cloud based solution that caters to the needs of OTT service providers. The Evergent team brings deep domain expertise and world-class execution capabilities."

"We are deeply honored that a global market leader like Ericsson chose to partner with Evergent," says Vijay Sajja, CEO and Founder of Evergent. "Given our highly configurable and scalable carrier grade subscriber management and billing platform, and our team of dedicated engineers and domain experts, we are confident in our ability to accelerate development and launch of OTT services for Ericsson's global customers."

Bonnier Group, with leading Swedish TV network TV4 Group and premium pay TV operator C More, recently selected Ericsson to provide a managed over-the-top (OTT) video-on-demand and live television service. Evergent worked closely with Ericsson to deliver subscriber management and billing for TV4.

About Evergent

Evergent is the leading provider of business management solutions that enable business success for cloud video service providers. Evergent's carrier grade Cloud Business Management suite, available in public and private cloud configurations, enables video service providers to generate more revenue, delight customers and partners and run their back-office efficiently. Evergent's customers include leading carriers such as SingTel and leading media companies such as Fox and Sony Entertainment Television India. Evergent is headquartered in Menlo Park, CA, and has offices in Hyderabad, India and Mexico City, Mexico. For more information visit: www.evergent.com.

About Ericsson

Ericsson is the driving force behind the Networked Society – a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure – especially in mobility, broadband and the cloud – are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions – and our customers – stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.