Nokia Acquires Gainspeed for Undisclosed Sum

  • Feed Type
  • Date
    6/10/2016
  • Company Name
    Gainspeed
  • Mailing Address
    295 Santa Ana Court Sunnyvale, CA 94085 USA
  • Company Description
    Gainspeed enables cable operators to meet skyrocketing capacity requirements, respond to changing market demands, and rapidly deploy new services all while cost-effectively migrating their networks to a software-driven, all-IP architecture.
  • Website
    http://www.gainspeed.com
  • Transaction Type
    M&A
  • Transaction Amount
    Undisclosed
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Gainspeed’s Virtual CCAP solution would strategically diversify Nokia’s product portfolio for cable access customers and expand Nokia’s footprint in this growing market. Upon the closing of the planned transaction, Gainspeed would become part of Nokia’s Fixed Networks business group. Financial terms of the transaction were not disclosed.