In a recent press release, Stratford Intellectual Property client Elenion Technologies is to be acquired by Nokia.
The press released stated that Nokia to acquire Elenion to improve economics of advance optical connectivity solutions. Specifically:
- Planned acquisition of key technology and commercial assets broadens addressable market
- Elenion’s state-of-the-art silicon photonics design platform improves product costs by bringing simplification and scale to the optical supply chain
- Combined solution lowers cost per bit for network operators
Elenion’s technology expertise and unique design platform and services enable Nokia to expand its market footprint by addressing the critical and rapidly evolving optical connectivity requirements of 5G, cloud and enterprise networking. Ownership of these key assets brings time-to-market and cost advantages to Nokia’s broad portfolio of networking solutions by applying the massive scale and economies of silicon design and manufacturing to the optical supply chain.
Sam Bucci, Head of Optical Networking at Nokia, said:
“As a world-class provider of silicon photonics solutions, advanced packaging and custom design services, Elenion provides a strong strategic fit for Nokia. Its solutions can be readily integrated into Nokia’s product offerings and address multiple high growth segments including 5G, cloud and data center networking. When combined with Nokia, Elenion technologies will accelerate the growth and scale of Nokia’s optical networking business, while enabling us to cost-effectively address new markets.”
Larry Schwerin, CEO of Elenion Technologies, said:
“Nokia is an industry leader in networking systems, including advanced coherent optical interfaces and hyperscale datacenter solutions. Elenion benefits by having its technology incorporated into an industry-leading portfolio and with a company offering solutions across a wide array of networking applications. Nokia’s strong optical industry leadership, size, scale, global reach, and ongoing commitment to investment in key technologies vastly accelerates the adoption of Elenion silicon photonics technology.”
Read the full press release here.
Stratford has worked with Elenion for several years on their Intellectual Property.