ComSovereign acquires edge computing software firm
- By Ross Wilkers
- May 18, 2021
One month on from an acquisition, ComSovereign has unveiled another in its effort to build a complete portfolio of wireless broadband technology focused on supporting 5G networks.
ComSovereign’s latest deal announced Tuesday will see it pay $13.1 million in stock for Saguna Network, an Israel-headquartered developer of software to turn communications into cloud computing infrastructures.
The idea is to offer multi-access edge computing for applications and services including augmented and virtual reality, Internet of Things, edge analytics, high-definition video, connected cars and autonomous vehicles.
Saguna built its edge cloud to help applications to run closer to the user in a wireless network, which would cut the latency.
All companies expect the transaction to close within the next 15 days.
Dallas-headquartered ComSovereign’s most recent deal was announced in April and saw the company buy Innovation Digital to add more signal processing systems.
Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at firstname.lastname@example.org. Follow him on Twitter: @rosswilkers. Also connect with him on LinkedIn.