ERIC's Subsidiary Teams Up With SAP to Drive Digital Transformation

Group 1 - Vonage, a subsidiary of Ericsson, has partnered with SAP to explore generative AI use cases by integrating Vonage's network API platform with SAP Business AI [1][3] - The collaboration will provide SAP with access to Vonage's network APIs, including Quality-on-Demand, Device Location, and Number Verification APIs, aimed at enhancing customer experiences and mitigating fraud risks [2][6] - This partnership is expected to elevate user experiences and support sustainability through advanced technologies, enhanced data visualization, and augmented reality training [3][6] Group 2 - Ericsson's strategy focuses on becoming a leading mobile infrastructure provider and expanding its enterprise business, with solid revenue growth in its Enterprise segment attributed to the acquisition of Vonage [5][6] - The collaboration between Vonage and SAP is a strategic move to meet rising customer demands for enhanced experiences, leveraging Ericsson's mobile network leadership to extend Vonage's CPaaS platform [6] - Ericsson's stock has performed well, gaining 43.4% over the past year, outperforming the industry growth of 38.3% [7]