 In 2004, General Atlantic, LLC and LHS Acquisition GmbH, both amongst the original shareholders of LHS Group Inc., acquired the product house from Schlumberger.LHS was converted to a stock corporation in August 2006 and went public in October 2006 on the German Prime Standard as LHS400.In June 2007, Ericsson acquired the majority (75.1%) of LHS's shares, $420 million, and launched a public offer for the company.