Nokia Overview
Nokia Networks is a data networking and telecommunications equipment company. Among Nokia's subsidiaries are Alcatel-Lucent, Withings, Nokia Networks, Nokia Siemens Networks, and Bell Labs. In Israel, Nokia has a large global development center for Cloudband, Nokia's cloud division; a branch of the famous Bell laboratories; and a team working on special projects. The Israel branch of Nokia Bell Labswas formed in 2014 and focuses on helping customers apply network function virtualization to create a simplified, agile, and efficient operating model for meeting networking demands. The local Bell Labs team leads research in the field of distributed cloud networking, where cloud and SDN technologies are used to virtualize services once deployed over dedicated hardware.
Latest News
growth-positive
Karin Eibschitz Segal takes the helm following Justin Hotard’s departure to lead Nokia.
Intel has appointed Karin Eibschitz Segal as the interim head of its Data Center and AI Group following Justin Hotards departure to become Nokias CEO. Eibschitz Segal, who has been with Intel for 23 years, brings extensive experience in product development and technology validation. Her appointment is part of Intels strategic transformation to expand its manufacturing capabilities to serve other companies, positioning itself as a key player in the global chip industry. Despite recent layoffs and financial challenges, Intel remains optimistic about the industrys growth potential, with market forecasts predicting significant expansion by 2030.
Management ChangesLayoffs
growth-negative
Valued at $1 billion two years ago, the company is mainly being bought for its $150 million in cash and less for its API platform.
Nokia has acquired the Israeli company Rapid, formerly known as RapidAPI, which was valued at $1 billion two years ago. The acquisition primarily focuses on Rapids $150 million in cash rather than its API platform. Rapid had raised $272 million since its inception but faced challenges leading to the termination of 82% of its workforce, including its founder and CEO, Iddo Gino. The acquisition by Nokia aims to leverage Rapids API expertise to enhance Nokias cellular and communication operations. The upheaval in 2023 saw significant management changes, with a new American-led team under CEO Marc Friend, and over 150 employees were laid off. The article was published on November 14, 2024.
Acquired-byLayoffsManagement Changes
growth-positive
Struggling Israeli-founded startup’s technology joins Nokia’s push to expand its network API ecosystem.
Nokia has acquired the technology assets and R&D team of Rapid, an Israeli-founded startup known for its API hub used by thousands of developers. The acquisition aims to enhance Nokias network API product development and expand its ecosystem to leverage 5G and 4G capabilities. Rapid, valued at $1 billion in March 2022, faced monetization challenges leading to the ousting of its founder and significant layoffs. Nokias integration of Rapids API technology will help telecom operators monetize network assets by exposing network functions in a standardized manner. This acquisition is part of Nokias strategy to bolster its Network as Code platform and developer portal, fostering innovation and collaboration in the API ecosystem.
Acquisition
growth-positive
/PRNewswire/ -- OneLayer, a leader in securing and managing enterprise private 5G/LTE OT networks, today announced its partnership with Nokia to integrate its...
OneLayer, a leader in securing and managing enterprise private 5G/LTE OT networks, has announced a partnership with Nokia to integrate its Zero-Trust, Zero-Touch security and asset management solutions on the Nokia MX Industrial Edge (MXIE) platform. This collaboration allows Nokia to offer OneLayers advanced security and asset management capabilities as part of its Industrial Application Catalog. The partnership aims to accelerate the secure transition to Industry 4.0 OT use cases by bundling OneLayers solutions with Nokias private wireless network offerings. This integration simplifies deployment and enhances security for enterprises adopting private wireless networks. The partnership is expected to deliver significant value to customers and meet the growing global demand for secure private enterprise networks.
Partners
growth-positive
Nokia, Aquarius Engines to test power generator in remote areas in PH
Nokia has partnered with Aquarius Engines to test a power generator in remote areas in the Philippines. The partnership aims to provide a solution for distributed generation and power telecommunications centers in areas without electricity access. The Aquarius Generators, powered by the Aquarius Engine, will be used to bring affordable and manageable power to rural and remote locations. Nokia plans to begin field tests in the Philippines this year, starting with remote islands that currently have no access to electricity. The long-term goal is to bring power to the 50 million Asians who currently lack access to electricity. Aquarius Engines forecasts supplying over €250M in generators to this market by 2022 through the partnership with Nokia.
PartnersCustomers
Team Members
2
Employees: 51-200
Web & Social Links
| Website | www.nokia.com/ |
Locations
Atir Yeda St 16, Kfar Saba, Israel
Helsinki, Finland
Photos & Videos
No files yet
