Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) currently boasts of a high end independent subsidiary by the name iconectiv and it is good news for the company that a great partnership like Francisco Partners is actually willing to invest in it. The future looks bright for the company and soon it may experience a high level of growth.
As a matter of fact, Francisco Partners is going to spend USD 200 million in the acquisition of a 16.7% ownership making it one of the greatest investors in iconectiv. A lot of people have been asking questions in a move to try and understand what the new partnership spells out for the company. Of course, the new development is expected to power growth by quite a large fraction and asides from that it will help give a lift to the shareholder value. This is not something that only iconectiv would embrace, it is a thing that a lot of companies would wish for!
Francisco Partners is a renowned firm which over the years has stuck to its venture of working as one of the top technology investment firms. It has been doing quite well businesswise getting high profits and that is why it has been able to claim such a great share in a leading company. Of course, just like any other company, has done so much in terms of putting in place an appropriate form of management and policies which are responsible for this far the partnership has reached in terms of economic success.
iconectiv happens to be one of the top partners in the communications industry and has over the years played a major role in the interconnection of networks, applications, and devices. Its activities have been found to be quite beneficial to over two billion people every day and that tells you volumes about the magnitude of this company in terms of revenue it may be accruing as well as its business position. You can bet on this, the partnership will for sure accelerate growth and by a large percentage for that matter.