Ericsson Has Boston Hiring Plans After Azuki Acquisition
Telecommunications equipment and services behemoth Ericsson has acquired Boston-area mobile video software company Azuki Systems, potentially setting the stage for more IT acquisitions in the city. The Azuki acquisition marks the first Boston deal for Ericsson. Azuki Chairman and Atlas Venture Partner Chris Lynch told the Boston Business Journal that it wouldn’t be all that surprising if Ericsson snapped up another five or six area mobile and analytic companies in the next few years. Other companies that had their eyes on Acton, Mass.-based Azuki included Cisco and Alcatel, said Lynch.