Qualcomm closes Cellwize acquisition, financial terms undisclosed
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Qualcomm (NASDAQ:QCOM) announced the acquisition completion of Israeli 5G mobile network automation company, Cellwize which will enable the company to accelerate Open RAN lobal adoption, 5G private network deployments, and cloud-based cellular infrastructure innovation.
In May 2022, the company had indicated its interest to buy the company for $300M.

Globes News cites that while no financial details about acquisition were disclosed, the company is believed to have paid $300-350M, a reasonable return for a company that has raised $75M from a range of investors including Viola and Vintage as well as chip giants Intel, Samsung and Qualcomm itself.
Cellwize was founded in 2013 and until 2018 developed just one product - a system for optimizing and self-organizing automated networks.
Combined with Qualcomm Technologiesâ 5G leadership, Cellwizeâs RAN automation solution will help reduce network deployment time.