Nokia to acquire Gainspeed
June 10, 2016
Nokia has revealed plans to acquire Gainspeed, a US-based start-up specialising in DAA (Distributed Access Architecture) solutions for the cable industry via its Virtual CCAP (Converged Cable Access Platform) product line.
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.
Federico Guillen, president of Nokia’s Fixed Networks business group, said: “We are very excited to have Gainspeed, the technology leader in its field, joining us. Cable is one of the fastest growing areas in our fixed networks business, and we are committed to delivering a complete solution set to cable operators. Gainspeed’s Virtual CCAP perfectly complements our leading fiber access solutions for cable MSOs.”