Published on : Feb 26, 2018
Nokia, a Finland-based globally prominent handset maker, announced on February 26, 2018 that it has acquired Unium, a US-based mesh Wi-Fi startup specializing in home networking solutions. With this acquisition, Nokia plans to fortify its position in end-to-end, mission-critical technologies and Wi-Fi mesh solutions aimed for residential users. The strategic move will complement its objectives in solving complex networking problems with Unium’s smart mesh wireless technology. The mesh network-powered technologies will enable service providers to offer residential users optimized wireless networking speeds, enhancing the overall quality of service.
Nokia to tap into Unium’s Carrier-Grade Mesh Technology to Address Critical Pain Points
Home users face several pain points due to a variety of wireless and security problems, such as slow buffering of movies and music. Unium’s carrier-grade mesh technology promises to offer reliably robust Wi-Fi experience. It aims at helping providers surmount critical concerns in connectivity and speed. For instance, new devices such as phones and tablets can seamlessly connect with the mesh network for an interruption-free service. Nokia already enjoys a position of strength in community and rural broadband with its gigabit networks, with tens of thousands worldwide home gateways installations. The current acquisition is aimed at extending these gains further to home users and raising the ante in the global connected home space. Unium ebulliently states joining Nokia in its customer-centric, connected solutions will drive innovation across customer-touch points.
Nokia Recent Acquisitions add Value to Connected Wi-Fi Technology for Home Users
Nokia expects to close the planned purchase of Seattle-based startup by Q1 this year. Though the details of the detail are not disclosed yet, according to an estimate by Crunchbase, it has raised at least a whopping US$26.7Mn in funding for the deal and is notably supported by Swiftsure Capital LLC, a local investor. On the other hand, Unium had Google Fiber as one of its customers.
Nokia is riding on the wave of shaped by a spate of acquisitions recently and the recent purchase underscores this. Unarguably, Nokia holds a sizeable stake in home connected device and with plans to collaborate with carriers of all hues in this market raises its position a notch higher.