Nokia News
9 articles
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
growth-positive
Procter & Gamble, Citi, Nokia get prize for workplace diversity in Israel
A joint initiative between itworks and the US embassy in Israel has led to a 150% increase in employment diversity within 47 companies in Israel. The program, called Diversity Works, is run by itworks, a nonprofit that promotes diversity in the Israeli workforce, and MEPI, the US embassys initiative to promote stability in the Middle East. The project aimed to connect candidates from marginalized populations with potential employers, raise awareness among jobseekers about companies looking to hire diverse employees, and promote the importance of diversity in the workplace. Procter & Gamble, Nokia, and Citibank received the Leading in Diversity award at an event for their success in hiring diverse employees. The program plans to expand to other companies in the Israeli high-tech sector.
CustomersPartners
Locations
growth-positive
Nokia re-emerges as telecom infrastructure leader
Nokia CEO, Rajeev Suri, has discussed the companys merger with Alcatel-Lucent, its investment in Israeli start-ups and its future plans. Suri said the merger had been a success, with the two companies functioning as one, and that Nokia had been impressed by the Israeli start-up community. He also revealed that Nokia was focusing on five main areas: maintaining its lead in advanced communications solutions; expanding to the institutional-business market; establishing strong and independent software business; setting up new business activities; and expanding its business in new technologies.
AcquisitionInvestmentExpand
growth-positive
Nokia Networks to open Israel development center
Nokia Networks is setting up an Israel development center after acquiring geolocation capabilities from NICE Systems. The acquisition will enhance the planning and optimization of mobile networks. Nokia Networks plans to build a competence center in Israel and develop its future portfolio around 3-D modeling. The company aims to increase automation in its services and offer superior services to its customers. NICE Systems is pleased with the engagement and the opportunity to make its 3-D solution available to a larger installed base.
AcquisitionPartners
