Nokia completes acquisition of Gainspeed

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ESPOO, Finland, Aug. 1, 2016 (GLOBE NEWSWIRE) — Nokia has today completed the acquisition of Gainspeed, a California-based start-up specializing in DAA (Distributed Access Architecture) solutions for the cable industry via its Virtual CCAP (Converged Cable Access Platform) product line. The acquisition was originally announced June 10, 2016.

Complementing Nokia’s current fiber access technoloigies for cable multiple-system operators, Gainspeed’s unique approach to DAA and innovative Virtual CCAP solutions will further enhance Nokia’s product portfolio and provide cable operators with the end-to-end technology capabilities needed to support growing capacity requirements today and into the future. With this acquisition, Nokia is able to offer a turnkey solution for the cable industry that includes products for routing, transport, wireless and analytics. Gainspeed will operate as part of Nokia’s Fixed Networks business group.

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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

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RISKS AND FORWARD-LOOKING STATEMENTS

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Source: http://globenewswire.com/news-release/2016/08/01/860372/10164351/en/Nokia-completes-acquisition-of-Gainspeed.html?f=22&fvtc=2&fvtv=1

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