Nokia is to acquire Unium, a Seattle, Washington-based software company that specializes in solving complex wireless networking problems for use in mission-critical and residential Wi-Fi applications.
The amount of the deal – planned to close in Q1 2018, subject to customary closing conditions, was not disclosed.
Founded in 2002 and led by Martha Bejar, CEO, Unium provides software and intelligent mesh wireless technology which measures wireless performance in real time, and dynamically adjusts the network to improve the user’s coverage and capacity. Its Wi-Fi software learns the specific capabilities and performance of each device (phone, tablet, etc.) so it can optimize each connection and provide a tailored customer experience. The intelligent mesh network enables gigabit-plus capacity throughout the home.
Following the deal, the software will complement and strengthen Nokia’s whole-home Wi-Fi solution and support the company’s objective of solving Wi-Fi problems in the home.
Unium is a former portfolio company of SwiftSure Capital.
FinSMEs
26/02/2018