Finnish communications, information technology and consumer electronics company Nokia has unveiled plans to acquire Seattle-based Unium, a startup that offers technology for mesh WiFi for home networking services, TechCrunch reports.
Unium’s technology addresses one of the largest drawbacks concerning home WiFi today – how to fill dead spots. Terms of the deal, which is expected to close this March, have not been disclosed.
The technology connects with other carriers through a “plug-and-play” format. It enables one to move around a house or building with thick walls without losing WiFi signals.
Since its establishment in 2002, Unium has raised at least US$57.7 million of capital. It is currently valued at US$62.4 million, according to TechCrunch, citing data from Pitchbook.
Previous customers included Google Fiber, which is Alphabet Inc.’s high-speed internet service provider, and the US Department of Defense.
Federico Guillén, president of Nokia’s fixed networks business group, said the home networking market is booming but many problems exist in today’s WiFi solutions, including interference, coverage gaps and capacity issues.
He said with the Unium deal, Nokia expects its WiFi solution to offer unparalleled user experience, surpassing what current standard mesh Wi-Fi solutions can deliver.
In recent years, Nokia has acquired Comptel, a software company specializing in telecommunications; Nakina Systems, a network integrity management solutions provider; and Deepfield, a real-time analytics company for IP network performance management and security.
This article appeared in the Hong Kong Economic Journal on Feb 27
Translation by Jonathan Chong
[Chinese version 中文版]
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