Nokia acquires Rapid technology and R&D unit to strengthen development of network API solutions and ecosystem
Nokia Corporation Sponsored American Depositary Shares (NOK)
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Source: GlobeNewswire
Press ReleaseNokia acquires Rapid technology and R&D unit to strengthen development of network API solutions and ecosystem Strengthens Nokia’s network API product development and go-to-market efforts.Builds on Nokia’s strategy of leading and expanding the network API ecosystem to utilize 5G and 4G network capabilities and monetize network assets.Enables operators to integrate their networks with Rapid’s industry-leading API Hub technology and collaborate with Rapid’s large developer base. 13 November 2024Espoo, Finland — Nokia today announced that it has acquired Rapid’s technology assets, including the world’s largest API hub used by thousands of active developers globally, and its highly skilled research and development unit. This deal builds on Nokia’s strategy of expanding its network API product roadmap and leading the API ecosystem of operators, systems integrators, independent software vendors, and hyperscalers to utilize 5G and 4G network capabilities and monetize net
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