Reportedly, Microsoft (MSFT) is acquiring 5G software maker Affirmed Networks Inc, valuing the company at $1.35 billion. Financial details of the deal were not disclosed. Earlier Microsoft also struck an agreement with AT&T Inc. last year to move the carrier’s network to its platform, building its cloud computing operations through acquisitions.
Affirmed Networks helps build virtual networks for telecom customers using 5G technology. Founded in 2010 and based in Acton, Massachusetts, Affirmed Networks is backed by investors including Qualcomm Ventures and Centerview Capital Technology Management. As per reports, Affirmed Networks was earlier in talks with Samsung Electronics before it struck the deal with Microsoft.
With the launch of 5G, the test projects by carriers like AT&T are limited to big cities and nationwide coverage may take years. However, tech giants and telecom industries are attempting for a slice of the market for edge computing and pursuing big corporate customers.
The networking industry is moving away from expensive fixed purpose machines taking care of specific parts of the job of managing the flow of data to software that resides in remote data centers with an aim is to make things affordable and flexible.
Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.
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