Ericsson plans to acquire MetraTech, a vendor of billing systems based on metadata, as service providers eye new services using the Internet of Things.The acquisition, for an undisclosed sum, will give Ericsson a set of products that let customers quickly set up new types of billing, customer support and financial arrangements, the companies said. MetraTech is based on Boston, and the acquisition will include all of its 140 employees and contractors. The deal is expected to close in the third quarter.MetraTech’s software can manage billing for both subscription and usage-based services. Its flagship products are MetraNet, available as on-premises software or a managed service, and the Metanga SaaS (software as a service) platform.To read this article in full or to leave a comment, please click here