Ericsson completed the acquisition of a minority stake in LotusFlare.

Ericsson, a software development company that serves the telecommunications industry, completed the acquisition of a minority stake in LotusFlare, a software development company focused on creating products for the telecommunications industry. Financial terms were not disclosed. “We are delighted to welcome Ericsson as an investor in LotusFlare. Since our founding, our mission has been to simplify technology and customer experience. We have made significant progress towards this goal through both our DNO Cloud and Nomad eSIM businesses. Ericsson’s investment represents a powerful validation of our product innovation and market impact. We are confident this partnership will unlock new market opportunities and accelerate the development of critical network asset monetization capabilities for CSPs globally,” Sam Gadodia, LotusFlare CEO and Co-Founder.