Devoteam to Sell Its Telecom Activities in France to Ericsson &Refocus on Its Strategic Offerings Business Wire PARIS -- January 21, 2013 RegulatoryNews: Devoteam (NYSE Euronext Paris: DVT) EMEA leader in ICT consulting and services, Devoteam announces today its intention to sell its subsidiary Devoteam T&M to Ericsson, the world’s leader in communication technologies and services professionals.Devoteam T&M(Telecom & Media) represents 7% of Devoteam’s global turnover with400 skilled services professionals, mainly serving the French market. The closing of the sale is subject to consultation and customary closing conditions, expected at the beginning of second quarter of 2013. The deal is a significant step in an ongoing strategic transformation for Devoteam, announced in July 2012, which has the ambition to refocus its service portfolio, in order to build high-value niche positions on seven domains: *Cloud transformation, *IT Service Excellence, *Telecom Network Transformation, *Mobile & Digital Enabler, *Risk & Security, *Data & Information Management, *IT Transformation. Derek Nutley, Telecom Director at Devoteam declared: "This transaction fits well with our 2015 strategic plan. It will allow us to focus more on innovation around the Devoteam’s value propositions. Ericsson is a key business partner of Devoteam - notably in UK and Mediterranean countries - and we hope that this project will further strengthen our relationship. I also think the teams of Devoteam Telecom & Media in France will benefit from Ericsson’s end-to-end know-how, scale and global presence." “Acquiring Devoteam Telecom & Media adds a unique expertise in complex, strategic and technical consulting engagements that will enable Ericsson to immediately enhance the value that we bring to our customers," says Magnus Mandersson, Senior Vice President and Head of Business Unit Global Services, Ericsson. "It is further proof of Ericsson's commitment to act as the partner of choice for the business transformation currently taking place within the telecommunications industry.” About Devoteam: Devoteam is an IT consulting group created in 1995, a preferred partner for accompanying the IT transformation of its clients. Combining consulting know-how and technology expertise enables Devoteam to provide its customers with independent advice and effective solutions that meet their industrial objectives. In 2011, Devoteam achieved revenues of 528M, with a 7% increase compared to 2010. As per December 31^st 2011, the Group consists of 4,857 employees in 23 countries across Europe, North Africa and the Middle East. ISIN: FR 0000073793, Reuters: DVTM.PA, Bloomberg : DEVO FP. www.devoteam.com Contact: Contact - Investor Relations: Devoteam Gregoire Cayatte, + 33 1 41 49 48 48 email@example.com or Press: Bastien Rousseau, + 33 1 56 02 35 05 firstname.lastname@example.org
Devoteam to Sell Its Telecom Activities in France to Ericsson & Refocus on Its Strategic Offerings
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