Qualcomm acquires Israeli 5G mobile network company Cellwize

US chipmaker Qualcomm Technologies announced on Monday that it has acquired Israeli 5G mobile network automation company Cellwize Wireless Technologies.

As industries seek to connect everything to the cloud, global mobile operators and private enterprises are rolling out 5G networks. Qualcomm Technologies remains committed to accelerating the deployment of Open RAN, a key technology for deploying public and private 5G networks,” Qualcomm wrote in a blog post. The acquisition “allows us to accelerate global adoption of Open RAN (Radio Access Network), 5G private network deployments, and cloud-based cellular infrastructure innovation.”

No financial details of the acquisition were disclosed, but market sources estimate that Qualcomm is paying $300-350 million for Cellwize, Globes rreports.

Founded in 2012, Cellwize is the developer of Chime, a cloud-based, AI-powered radio access network automation and orchestration platform designed to help mobile network operators accelerate their 5G network deployment, their market launch and their return on network investment. .

Cellwize CEO Ofir Zemer will become Qualcomm’s vice president of product management. He said, “We are excited to join Qualcomm Technologies as we are both committed to accelerating the mission of modernizing radio access networks and enabling mobile network operators and enterprises to fully realize and monetize their digital transformation.

Qualcomm Technologies has been at the forefront of developing innovative infrastructure platforms that will expand the architecture of the modern network and propel the digital transformation of industries.

Michael J. Chiaramonte