23 September 2020
On 17th September 2020, the future of wireless WAN transformed as leading technology company Ericsson announced its worldwide community evolution plan, which concerned the acquisition of Cradlepoint for $1.1bn.
The combined offering will create valuable new revenue streams for customers by supporting full 5G-enabled services for enterprise and boost returns on investments in the network. Ericsson is already an international leader in 4G cellular infrastructure and has now come to be the leader in 5G as well with 109 carrier agreements to date. This transaction unites the global leader in LTE and 5G for communications service providers with the worldwide leader in LTE and 5G wireless wide area networking (WWAN) edge solutions for the organisation and the public sector.
The Cradlepoint acquisition uniquely positions them within the front seat to unlock the total transformational value of 5G with end-to-end intelligence and control that spans from the mobile network operator core to the enterprise edge allowing enterprises to connect humans, places, and things — anywhere — with confidence and control.
Alongside this, Ericsson brings more than 100 years of communications experience and unrivalled cellular technology. Cradlepoint is a global leader in cloud-delivered wireless edge solutions for branch, mobile, and IoT networks, and now the first in the world to supply 5G for commercial enterprise as a solution. Collectively they can simplify any organisation’s evolution to wireless WAN and 5G with unrivalled end-to-end capability and quality of experience. Ericsson is the undisputed leader in the race to 5G and has already signed greater than 100 carriers globally to its platform. Cradlepoint is the first to release a portfolio of 5G WAN edge solutions for the enterprise.
The combined offering will create valuable new revenue streams for customers by means of supporting full 5G-enabled offerings for the enterprise, and boost returns on investments within the network. whilst wireless wide area network (wireless WAN) edge solutions connect through 4G and 5G to supply rapid, secure, and flexible connectivity wherever and whenever it is needed for businesses, mobility, and critical frontline emergency services. in which Cradlepoint is strongly positioned in a market with an underlying increase of 25-30%.
Börje Ekholm the President and CEO at Ericsson, says: “The acquisition of Cradlepoint complements our existing offerings and is key to our strategy of helping customers grow the value of their 5G network investments. Ericsson is uniquely positioned to build on Cradlepoint’s leadership position in the wireless edge and the wireless WAN market. Combining the scale of our market access and established relationships with the world’s biggest mobile operators we are making a strong investment to support our customers to grow in this exciting market.”
Both Ericsson and Cradlepoint are industry-leading innovators, however together they hold the strength, vast and valuable customer base, and formidable technology advantage to lead the market in wireless WAN and 5G forward, thus challenging the legacy enterprise network players.
George Mulhern the CEO and Chairman of Cradlepoint says: “We have led the way in bringing the power of cellular networks and technologies to enterprise and public sector customers – helping them connect beyond the limits of traditional wired WANs. Ericsson with its global 5G leadership is a great match for us and I am very excited to continue to scale and expand our business together.”
He continues, “Cradlepoint remains an independent, standalone organisation. Same leaders, the same people you’ve interacted with on a daily basis, and the same passion and perseverance to serve our customers and stay at the forefront of technology and the industry.”
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