 Ericsson acquired the remaining company shares in February 2010.LHS was delisted from the German Stock Exchange and is now wholly owned by Ericsson.LHS main product is BSCS (Business Support & Control System), an end-to-end rating, billing, interconnect and customer care system for telecommunication operators which is used widely till this day on a global level due to the large market share that it acquired during the early 2000s (more than 100 telecom operators) and their latest release under LHS was BSCS iX

LHS was awarded "Best Billing or Customer Care Solution" by the GSM Association (GSMA) in Cannes in 2005, received the Frost & Sullivan "Stratecast Global Investment of R&D Resources to Address Core Billing Needs" Award in 2007 and won the IIR World BSS Award for its "Overall Best Contribution to BSS" in London in 2005, 2006, and 2008.