Nokia lately is on an acquisition spree it seems. After announcing acquisition of Alcatel Lucent some days ago, Nokia Networks has yesterday announced acquisition of Eden Rock. Nokia has not made terms of the deal clear but it certainly wants to strengthen its presence in the filed of SON. The transaction will be completed during Q3, 2015.
Nokia Networks has signed an agreement to acquire Eden Rock Communications, LLC (hereinafter referred to as “Eden Rock”), a pioneer in SON and creator of Eden-NET, an industry leading multivendor centralized SON solution. Through this acquisition, Nokia Networks aims to boost its multivendor SON radio optimization capabilities and reaffirm its vision to become the vendor-of-choice in this domain. The transaction is expected to be completed during Q3 2015.“The size of the optimization and SON market is expected to exceed EUR 5 billion globally by 2018*. With this combination of capabilities, we will effectively address a key customer pain point – automated optimization of heterogenous networks in a multivendor environment. By combining our products into one, we will accelerate the delivery of a compelling solution for this problem and provide best-in-class network performance and customer experience.” –
Thanks kumardodla for the tip. Cheers!!
