Ericsson (ERIC) announces a strategic partnership with LotusFlare. LotusFlare, headquartered in Santa Clara, California, was founded in 2014 and has 500 employees globally. In conjunction with this partnership, Ericsson has acquired a minority stake in LotusFlare. LotusFlare’s DNO Cloud platform provides the consent management and digital commerce solutions that enable a Network API Exposure Layer for the exposure and monetization of advanced network capabilities via network APIs. Ericsson and LotusFlare will provide common solution blueprints to describe typical integration scenarios for the Network API Exposure Layer, including API access and consent management and bring them to market. The parties have agreed not to disclose financial details of the transaction.
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