prnewswire | November 12, 2020
At the 11th Annual Mobile Broadband Forum today, Huawei's Deputy Chairman Ken Hu spoke with leaders in the telecoms and digital technology sectors about the new value that 5G can bring to different industries around the globe. As 5G is poised to transform the way we live, connect, and work, the telecoms sector is deeply invested in creating more value beyond the consumer market. Global 5G rollout is progressing quickly. As a leader in this domain, China has already seen over 600,000 base stations deployed in more than 300 cities, supporting more than 160 million 5G connections across the country. 5G services in China now deliver speeds in the hundreds of Mbps, and a wide array of 5G services have already been implemented in more than 20 domestic industries, including healthcare, ports, steel, power grids, mining, and manufacturing.
IT SYSTEMS MANAGEMENT
COMSovereign | August 19, 2021
COMSovereign Holding Corp. a U.S.-based developer of 4G LTE Advanced and 5G Communication Systems and Solutions, today announced that it has completed the acquisition of the majority of outstanding shares of SAGUNA Networks LTD the premier Multi-Access Edge Computing cloud software developer, significantly expanding its software technology offerings powering 5G wireless networks.
Terms of the transaction include total consideration of $13.6 million in shares of restricted common stock. The Company expects to complete the transaction, subject to other customary closing conditions, in approximately 30 days in compliance with Israeli law.
SAGUNA, based in Yokneam, Israel, is the software developer behind the award-winning vEdge which transforms communication networks into powerful cloud-computing infrastructures for applications and services including augmented and virtual reality, the internet of things ("IoT"), edge analytics, high-definition video, connected cars, autonomous drones and more. SAGUNA allows these next generation applications to run closer to the user in a wireless network, dramatically cutting down on latency which is a fundamental and critical requirement of 5G. Their Edge Cloud operates on general purpose computing hardware but can be optimized to support the latest AI and machine learning features through dedicated accelerators. Recently, SAGUNA introduced its latest, groundbreaking solution called vEdge+ which integrates its MEC technology with UPF (User Plane Function) capabilities for packet routing and forwarding, interconnection to the Data Network, policy enforcement and data buffering, all designed and ready for 5G networks. SAGUNA'S MEC software is behind the SK Telecom Network in Jeonju, South Korea which is currently the world's fastest commercially deployed 5G network in the world (Source: OpenSignal, "Benchmarking the Global 5G Experience - April 2021"). For more information on Mobile Edge Computing in 5G networks, please view a primer published at IEEE.org. IEEE is the world's largest technical professional organization dedicated to advancing technology for the benefit of humanity.
"SAGUNA has the potential to be one of the most significant and transformative acquisitions ever made by COMSovereign because of the critical enabling role that Edge computing plays in 5G and beyond wireless networking. The promise of 5G; its increased speed, capacity, and significantly reduced latency, is predicated on the ability to move compute closer to the end user. Without edge computing, regardless if it is a smartphone, a smart city or factory, or any one of potentially billions of IoT devices which are now proliferating throughout our modern society, the 5G applications needed to support them will not operate effectively," said Dr. Dustin McIntire, Chief Technology Officer of COMSovereign. "SAGUNA's technology currently anchors the fastest measured 5G deployed network to date and its advancements into IoT has brought it accolades and an increasingly steady flow of contracts from some of the largest global telecommunications and technology companies such as Hewlett Packard Enterprise among others. Our teams are already fully committed to integrating the capabilities of SAGUNA's MEC into our full range of radio and networking product lines and are confident these efforts will produce some of the highest performing communications products in the market."
Ido Gur, CEO of SAGUNA commented, "The entire SAGUNA team is excited about the opportunity to join the COMSovereign organization as we have already begun working alongside many of their talented management and engineering teams. In just a short amount of time, we have already benefited from our collaboration thanks to COMSovereign's insights into the needs of commercial and government customers and their creative approach to technology innovation which has broadened our MEC horizons, applications, and market use cases. We couldn't be more pleased to be a part of what COMSovereign has built and is bringing to market."
About COMSovereign Holding Corp.
COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a portfolio of communications technology companies that enhance connectivity across the entire network. By combining strategic acquisitions with organic research and development efforts, COMSovereign has built a U.S.-based communications solution provider able to deliver end-to-end 4G LTE Advanced and 5G-NR telecom solutions to network operators, enterprises, and governments.
About SAGUNA Networks LTD
SAGUNA, the Edge Cloud Computing pioneer, helps communication companies monetize, optimize & accelerate their networks. Our any-access Mobile-Edge-Compute cloud solutions transform networks into powerful cloud computing infrastructures for game-changing applications including augmented and virtual reality, gaming, IoT, edge analytics, 8K video, connected cars, smart cities, smart factories, autonomous drones, and more.
Certain statements in this press release that are not historical facts are forward-looking statements that reflect management's current expectations, assumptions, and estimates of future performance and economic conditions, and involve risks and uncertainties that could cause actual results to differ materially from those anticipated by the statements made herein. Forward-looking statements are generally identifiable by the use of forward-looking terminology.
Involta | December 29, 2021
Global investment firm Carlyle announced today that funds managed by Carlyle have agreed to acquire Involta, a data center company focused on hybrid IT and cloud infrastructure, including data center colocation, hybrid cloud, edge, fiber, and related products.
Involta owns and operates 12 data center facilities and an in-house 12,000+ fiber-mile network. These assets, paired with strategic infrastructure services, provide mission-critical IT solutions to businesses across the United States. Carlyle's capital, resources, and expertise will help expand Involta's operations, which today are located primarily in the Midwest as well as the Pacific Northwest and Southwestern U.S., helping grow its capabilities for both new and existing customers.
Joshua Pang, Head of Digital Infrastructure for Carlyle's Infrastructure Group, said, "Involta has built a world-class platform with a demonstrated operating model for delivering high-quality service to customers in an increasingly complex, hybrid cloud-based world. We see significant opportunity for growth given the long-term secular demand drivers of data proliferation, digital connectivity, and the digitization of enterprise and institutional operating models. We look forward to a strong, long-term partnership and to leveraging Carlyle's scale, resources, and access to capital to drive sustainable growth at Involta."
Pooja Goyal, Chief Investment Officer of Carlyle's Infrastructure Group, said, "This investment is consistent with our strategy of partnering with best-in-class businesses positioned for continued growth in the digital infrastructure space. Digital infrastructure is a key sector focus for our platform and we will continue to grow our portfolio with both high growth opportunities as well as stabilized assets."
"We are thrilled to work with Carlyle's proven investment team as we build on our national market leadership and support our customers' growing digital infrastructure requirements. We see many logical opportunities to continue expanding Involta's footprint and infrastructure, and look forward to leveraging Carlyle's global resources and deep expertise to further accelerate our growth momentum."
Bruce Lehrman, Founder and CEO of Involta
This transaction supports Carlyle's growth in infrastructure investing, which includes investments in infrastructure companies supporting the digital economy. Earlier this year, Carlyle acquired Wyyerd Group, a leading regional fiber-to-home platform in the Southwestern United States, and recently completed an add-on fiber acquisition for that platform in December 2021.
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $293 billion of assets under management as of September 30, 2021, Carlyle's purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 26 offices across five continents.
Involta is an award-winning hybrid IT and cloud-forward consulting firm orchestrating digital transformation for the nation's leading enterprises. Involta's ongoing mission is rooted in partnership. Its personalized approach identifies customers' requirements while earning their trust to ultimately deliver Superior Infrastructure and Services, Operational Excellence and People Who Deliver, keeping with the Involta brand promise.
Involta pairs strategic consulting with the unique ability to leverage owned data centers and infrastructure assets, empowering businesses with necessary security and reliability requirements. Its well-defined, rigorous process to deliver hybrid cloud, edge, consulting, and data center services have earned the company several designations, including a KLAS rating and review for partial healthcare IT outsourcing excellence. The company has also been recognized on several CRN lists and has been named one of the fastest-growing companies in America by Inc.5000 for nine consecutive years.
About M/C Partners
M/C Partners is a private equity firm focused on small and mid-size businesses in the digital infrastructure and technology services sectors. For more than three decades M/C Partners has invested $2.4 billion of capital in over 140 companies, leveraging its deep industry expertise to understand long-term secular trends and identify growth opportunities. The firm is currently investing its eighth fund, partnering with promising companies and leadership teams to support, scale, and improve operations and maximize value.