Nokia is to acquire Gainspeed, a Sunnyvale, California-based developer of DAA (Distributed Access Architectures) for cable.
The amount of the deal, which is expected to close in the third quarter of 2016, subject to customary conditions, was not disclosed.
Upon the closing of the prospective transaction, Gainspeed would become part of Nokia’s Fixed Networks business and its Virtual CCAP (Converged Cable Access Platform) solution will enable the global TLC company to provide a complete cable access solution for MSOs (Multiple System Operators) to increase the capacity and performance of their existing HFC (Hybrid Fiber Coax) infrastructure, reduce headend power and space requirements, and migrate to an all-IP network.
Founded in 2012 and led by Krish Padmanabhan, CEO, and Jeff White, Chief Strategy Officer, Gainspeed has developed a Virtual CCAP solution, which distributes processing to the edge of the network and centralizes control, enabling cable operators to satisfy exponentially growing capacity requirements accommodate the shift to IP video, and deploy new residential and commercial services. The company, which has approximately 70 employees, was backed by Shasta Ventures, Juniper Networks and Technicolor.
FinSMEs
12/06/2016