- New facility builds on Ericsson's growing investments in Silicon Valley
- Brings together approximately 2,000 Ericsson staff dedicated to research and development in IP, TV and Media, SDN, NFV and mobile innovation
- Includes more than 400,000 square feet of operational space in two buildings at Santa Clara Square and a state-of-the-art Ericsson Experience Center
"Ericsson's expansion in Silicon Valley has grown in tandem with the region's increasing gravitational pull on the technology sector," said Bina Chaurasia, Chief Human Resources Officer, Head of Group Function Human Resources and Senior Vice President, Ericsson. "Our company has a growing need for software engineers and employees with a technology savvy skill set who can partner, create, learn, sustain and innovate; helping us move toward what Ericsson calls the 'Networked Society.'"Bina will maintain her global role, but will relocate to the Bay Area. Silicon Valley plays a critical role in Ericsson's efforts to drive the innovation and technology that will shape the future. Since 2009, the region has been the center of development for Ericsson's IP solutions; it has cultivated a rich ecosystem of partnerships to deliver innovative network-based experiences with the latest Software Defined Network (SDN), Network Functions Virtualization (NFV) and radio technologies. "Over the years, Ericsson's growing presence in Silicon Valley has significantly enhanced our ability to innovate and collaborate with our customers and partners in the region. With our new campus, we're accelerating Ericsson research, development and innovation even further," said Maya Strelar-Migotti, Vice President of Development Unit IP and Broadband and Head of Ericsson Silicon Valley. Silicon Valley is also a center for Ericsson innovation in TV and Media. As a leader in the convergence of IP, TV and Media, Ericsson is uniquely positioned to develop the technologies that will transform the television and video entertainment experiences seen by millions of people every day. While strengthening its presence, Ericsson is continuing to build an open community in Silicon Valley with partners including the AT&T Foundry, Facebook, and the Linux Foundation OpenDaylight Project. Current projects, including the Ericsson OpenDaylight and Smartphone Labs, will relocate to the new facility. Ericsson will continue its commitment to open the Internet.org Innovation Lab on Facebook's Menlo Park campus in summer 2014.
Ericsson has 15,000 total employees across the United States and Canada, and has invested $7 billion in U.S. acquisitions over the past six years, with plans for further growth and technology leadership in the U.S.NOTES TO EDITORS Download high-resolution photos and broadcast-quality video at www.ericsson.com/press 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, businesses and societies 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 more than 110,000 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 2013 were SEK 227.4 billion (USD 34.9 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York. www.ericsson.com www.ericsson.com/news www.twitter.com/ericssonpress www.facebook.com/ericsson www.youtube.com/ericsson FOR FURTHER INFORMATION, PLEASE CONTACT Ericsson Corporate Communications Phone: +46 10 719 69 92 E-mail: email@example.com Ericsson Investor Relations Phone: +46 10 719 00 00 E-mail: firstname.lastname@example.org Ericsson to grow Silicon Valley presence with New Campus http://hugin.info/1061/R/1789217/614971.pdf HUG#1789217