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The companys customers include leading telecommunications companies such as British Telecom, Vodafone, and Telefonica.","partners":null,"customers":["British Telecom","Vodafone","Telefonica"],"investors":null,"confidence":9,"key_topics":["Parallel Wireless","Open RAN","development center","smart infrastructure","cloud-based solutions"],"date_of_event":"2022-03-20","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"jT5FWxczG0QOvjBIF26L5H5GnjCjVeLDJmUT08awI5cwvPvfPIsASC","news_summary":"חברת Parallel Wireless האמריקאית מגייסת כ-100 עובדים - וואלה! כסף","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"e44e9e0d-a334-4fa8-a379-b50e85998070","date":"Jan 16, 2022","link":"https://techtime.co.il/2022/01/16/parallel-wireless/","source":"techtime.co.il","visible":1,"analysis":{"tags":"Expansion, 5G Development","company":"Parallel Wireless","layoffs":null,"summary":"American company Parallel Wireless is expanding its new development center in Kfar Saba, Israel, making the Israeli development team the leader in the companys 5G strategy. The company, which was established in 2012, began operating in Israel in 2018 with a modest development activity that gradually expanded and became a central development site for the company. The new complex currently employs about 230 employees and is in the process of expanding. The company works closely with various hardware suppliers, such as the Israeli company Silicom, which is focusing its activity today on supplying connectivity systems for open networks.","partners":"Silicom","customers":null,"investors":null,"confidence":9,"key_topics":"5G, Expansion, Open RAN, Recruitment, Development Center","date_of_event":"16 January, 2022","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":"Expand","acquisition_amount":null,"structuredIssuesShow":"#Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"GCTbtYnwPAvDQRSnCPiROPjxjPMrrycSXqz7ssnAbMorBtzDdCXfw3","news_summary":"Parallel Wireless מרחיבה את מרכז הפיתוח הישראלי - Techtime - חדשות אלקטרוניקה והייטק","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"bf6ea927-eadf-476d-bddb-0050f30dec57","date":"Sep 14, 2021","link":"https://www.prnewswire.com/news-releases/parallel-wireless-expands-open-ran-research-and-development-centers-across-the-globe-301373657.html","source":"www.prnewswire.com","visible":1,"analysis":{"tags":"expansion","company":"Parallel Wireless, Inc.","layoffs":null,"summary":"Parallel Wireless, Inc. is expanding its footprint across the globe with Open RAN Research and Development Centers in the U.S., U.K., Israel, and India. The company has become a proven leader in Open RAN wireless networks and is doubling its global team in various departments. The expansion aims to accelerate Open RAN development and testing capabilities as Mobile Network Operators upgrade to 5G and beyond. The company is disrupting the wireless industry with its All G (2G, 3G, 4G, 5G) O-RAN compliant, Open RAN networks. The expansion includes the establishment of testing facilities, offices, and labs in different locations. Parallel Wireless solutions enable next-generation applications and the company is actively hiring talent to support its ambitious growth plans.","partners":null,"customers":null,"investors":null,"confidence":9,"key_topics":["Open RAN","Research and Development Centers","Global Expansion","Mobile Networks","Wireless Networks"],"date_of_event":"September 14, 2021","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"GuMvcGd0YEja61cdtVvL9KrYXw5GdtWogKOpordomqMXEPQTo7VvBg","news_summary":"Parallel Wireless Expands Open RAN Research and Development Centers Across the Globe","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"caa0e6a2-1921-41b5-bbf9-49dcf2632712","date":"May 26, 2021","link":"https://www.calcalist.co.il/real-estate/article/HJYoI5jt00","source":"www.calcalist.co.il","visible":1,"analysis":{"tags":"office expansion","company":"Parallel Wireless","layoffs":null,"summary":"Parallel Wireless, a company that develops products for the 5G cellular field, has decided to expand its office space and double its number of employees. The company is currently renting around 1,000 square meters in Tzur Yigal and has now rented the 8th floor of Building B in the O-TECH complex in Kfar Saba. The rental agreement is for a period of ten years and includes 78 parking spaces. The rental fees are estimated at 60 shekels per square meter, with management fees at 16 shekels per square meter. The total rental fees for the entire period are estimated at 40 million shekels. The decision to move to Kfar Saba was made after a structured process in which the company assessed its expansion needs and mapped the employees residences.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["office expansion","ORAN","5G","O-TECH","rental agreement"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"jvCrb7uOvNAZoWvkDxqFm5AwvgncdVOPvV9YkwWY8i4yXIt5daGh5R","news_summary":"חברת Parallel Wireless שכרה כ-3,000 מ\"ר במתחם O-TECH בכ\"ס  כלכליסט","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"}],"extensions":null,"events":null,"hide_reasons":[{"id":"75T5aG1f0dpqYFonup40lXNjO046zUH82TaHW1TAiIMf9aYAsSOl0d","reason":"No relevant activity"},{"id":"7KVi9S7qqUtO0WCsFclwqBEZluejfNYqWC1Uhx0tPHtDxtvxPPaCPH","reason":"No longer active"},{"id":"hoyKAmu4YJEHmhtLwCdeFldSnDwaVbPXOnH0RA9hKHCzAcHO6OOrXd","reason":"Pending approval"},{"id":"TC54H7CXyKO8GmPECkbyKJf8n34r70JlfJTJHfo85exRpLaKI1Efs9","reason":"Pending approval - External entity"}],"timeline":[],"techcommunityinvolvement":null,"tags":["rf-technology","telecommunication","network-security","5g-networks","wireless-communication"],"investments":[],"funds":[],"databases":[],"sharedspaces":[],"utilities":[],"contributors":[],"employeesworldwide":"501-1,000","fundingtype":"Multinational","parsedName":"Parallel Wireless","logourl":"https://storage.googleapis.com/clean-finder-353810/$hCCN5KqsBSJxRQRYSYWiiVIER5iwRFdb9WX0tasfWhuPlY8gXRJpwA","oglogourl":"https://storage.googleapis.com/clean-finder-353810/$hCCN5KqsBSJxRQRYSYWiiVIER5iwRFdb9WX0tasfWhuPlY8gXRJpwA","teamMembersNumber":3,"nationality":"Foreign","communityinvolvement":[],"popup_claim_profile":"false","claimedBadge":"none","display":{"mainContact":"none"},"mainContact":{},"_eventview":{"publicoffering_exit":[],"privateequityfunding":[],"nonequityfunding":[],"merger_acquisitions":[],"others":[]}}