Source: Nokia - Press Releases - May 27, 2015
Acquisition aimed at further strengthening Nokia Networks' expertise in multivendor Self-Organizing Networks ("SON")
Espoo, Finland - 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.
SON, one of the fastest growing segments in the mobile broadband industry, is a strategically important market for Nokia Networks. SON is essential for the increasingly complex heterogenous operator networks. It provides workflow automation, network performance improvements and additional reliability.
Key highlights:
Eden Rock's Eden-NET centralized SON solution and Nokia Networks' SON technologies are highly complementary and provide an excellent basis to build industry leading SON solutions for a wide range of market needs
This combination, coupled with Nokia Networks' go to market and global services capability, can reduce operating expenses, drive measurable improvements in customer experience, and thus contribute to maximizing overall profitability for mobile operators
After the completion of necessary legal and regulatory approvals, Eden Rock's employees are expected to be transferred to Nokia Networks, based in Seattle, where the company intends to continue operations
Peter Patomella, Vice President, CEM and OSS, Nokia Networks, said: "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."
Charles Immendorf, CEO, Eden Rock, said: "A massive appetite exists among operators for a proven SON solution with disruptive technologies, open framework and carrier-class capabilities. Via this acquisition, Nokia Networks brings SON functionality that is complimentary to our Eden-NET solution, a renowned reputation for wireless excellence and an ascending market presence. We will be honored to serve under the Nokia banner and aim to establish an insurmountable lead within the SON space."
About Eden Rock Communications
Founded in 2007, Eden Rock Communications is a pioneer in the SON space and creator of an industry leading multi-vendor, multi-technology, centralized SON solution, Eden-NET. Protected by 26 issued and 70+ pending patents, Eden Rock's transformational SON technologies deliver the ultimate in network performance, network reliability and operational efficiencies. Developed from the ground-up to address operators' emerging needs for SON, Eden-NET provides a highly extensible SON operating system and has inspired a new paradigm of SON collaboration. The Eden-NET SON solution has been proven at-scale, providing SON functionality to over 1 million cells and 60 million subscribers globally. For more information, visit www.edenrockcomm.com.
About Nokia
By focusing on the human possibilities of technology, Nokia embraces the connected world to help people thrive. Our three businesses are leaders in their fields. Nokia Networks provides broadband infrastructure software and services, HERE provides mapping, navigation and location intelligence, and Nokia Technologies provides advanced technology development and licensing.
www.nokia.com
Nokia Networks, which provides broadband infrastructure, software and services, operates at the forefront of our industry. From the first ever call on GSM to the first call on LTE, we have set the pace of innovation, a record that continues with future technologies such as 5G. Together with our operator customers, who serve close to 5 billion subscribers, we are embracing the opportunity of the connected world and helping to solve its challenges.
http://networks.nokia.com/
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