Nokia plans to expand its footprint in the cable market by acquiring Gainspeed

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Press release Pioneer in Distributed Access Architecture complements Nokia's fiber access portfolio 10 June, 2016 Espoo, Finland - Nokia today announced plans to acquire Gainspeed, a US-based start-up specializing in DAA (Distributed Access ...

Press release

  • Pioneer in Distributed Access Architecture complements Nokia's fiber access portfolio

10 June, 2016

Espoo, Finland - Nokia today announced plans to acquire Gainspeed, a US-based start-up specializing in DAA (Distributed Access Architecture) solutions for the cable industry via its Virtual CCAP (Converged Cable Access Platform) product line. Gainspeed is widely regarded as the industry leader in DAA, which the cable industry has adopted as its next generation solution to address increasing capacity requirements.

Gainspeed's Virtual CCAP solution would strategically diversify Nokia's product portfolio for cable access customers and expand Nokia's footprint in this growing market. Upon the closing of the planned transaction, Gainspeed would become part of Nokia's Fixed Networks business group.

Virtual CCAP enables cable operators to meet growing customer demand for high-speed data services and IP video. With Virtual CCAP, cable operators can increase the capacity of their existing HFC (Hybrid Fiber Coax) infrastructure and rapidly deploy new services, while simultaneously reducing space and power requirements in the headend. At the same time, customers can cost-effectively migrate their networks to a software-driven, all-IP architecture. With the acquistion of Gainspeed, Nokia would have an extendible and flexible platform that can host the future innovations of the cable industry.

Federico Guillen, president of Nokia's Fixed Networks business group, said: "We are very excited to have Gainspeed, the technology leader in its field, joining us. Cable is one of the fastest growing areas in our fixed networks business, and we are committed to delivering a complete solution set to cable operators. Gainspeed's Virtual CCAP perfectly complements our leading fiber access solutions for cable MSOs."

Gainspeed was founded in 2012 and is privately held. It is located in Sunnyvale, California, and  employs approximately 70 people. The planned transaction is expected to close in Q3 2016, subject to customary closing conditions.

About Nokia
Nokia is a global leader in the technologies that connect people and things. Powered by the innovation of Nokia Bell Labs and Nokia Technologies, the company is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives.

With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. www.nokia.com

Media Enquiries:
Nokia
Communications
Phone: +358 10 448 4900
Email: press.services@nokia.com  




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: NOKIA via Globenewswire

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Source(s) : NOKIA

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