Microsoft to acquire Affirmed Networks to bolster 5G-related cloud offerings – GeekWire
Microsoft mentioned currently that it will obtain Affirmed Networks, a Boston-location startup that sells virtualized community computer software to cellular operators.
“This acquisition will permit us to evolve our perform with the telecommunications field, setting up on our protected and trusted cloud platform for operators,” Microsoft Azure govt Yousef Khalidi mentioned in a site submit. “With Affirmed Networks, we will be capable to give new and revolutionary answers personalized to the exclusive requirements of operators, which includes controlling their community workloads in the cloud.”
Established in 2010, Affirmed Networks’ engineering is deployed in more than 85 networks around the globe. Buyers involve AT&T, SoftBank, Vodafone, and more that use its services to deploy and scale their cellular services.
“We have been their companion of selection as they prepare for fifth technology (5G) networks and infrastructure,” Affirmed Networks CEO Anand Krishnamurthy mentioned in a site submit. “Now, the blended technologies of Microsoft and Affirmed will further more accelerate this momentous shift.”
The startup employs more than 500 folks and had lifted more than $150 million, which includes a $38 million spherical in February 2019.
Conditions of the offer were not disclosed. The acquisition builds on Microsoft’s present cloud-connected perform to enable telecom providers with their 5G deployments. Microsoft inked a 5G partnership with AT&T past 12 months.
“Bringing this engineering and staff of experts into Microsoft enables us to extend our cloud supplying to operators in all places as they ever more glimpse to operate their networks in a hybrid atmosphere,” Khalidi wrote. “We’re fired up about our upcoming alongside one another where carriers will be capable to superior leverage Microsoft’s cloud to enhance all round profitability and generate new revenue streams.”
Update, March 27: Bloomberg described that the acquisition valued Affirmed Networks at $1.35 billion.