Press Release
Nokia acquires Rapid technology and R&D unit to strengthen development of network API solutions and ecosystem
- Strengthens Nokia's network API product development and go-to-market efforts.
- Builds on Nokia's strategy of leading and expanding the network API ecosystem to utilize 5G and 4G network capabilities and monetize network assets.
- Enables operators to integrate their networks with Rapid's industry-leading API Hub technology and collaborate with Rapid's large developer base.
13 November 2024
Espoo, Finland — Nokia today announced that it has acquired Rapid's technology assets, including the world's largest API hub used by thousands of active developers globally, and its highly skilled research and development unit. This deal builds on Nokia's strategy of expanding its network API product roadmap and leading the API ecosystem of operators, systems integrators, independent software vendors, and hyperscalers to utilize 5G and 4G network capabilities and monetize network assets.
Following massive investments in 5G, operators are using network APIs to monetize their network assets and core capabilities by exposing their network functions in a standardized way to developers so they can build and sell new consumer, enterprise, and industrial applications. The integration of Rapid's industry-leading API technology with Nokia's Network as Code platform with developer portal will enable operators to seamlessly integrate their networks, actively control API usage and exposure, enhance API lifecycle management, and collaborate with Rapid's global developer base on its public API marketplace.
Since launching the Network as Code platform in September 2023, Nokia has gained significant momentum with 27 partners globally, including BT, DISH, Google Cloud, Infobip, Orange, Telefonica, and Telecom Argentina.
Raghav Sahgal, President of Cloud and Network Services at Noka, said: "Operators need a bridge to connect to thousands of developers to drive enterprise and consumer value creation and monetize their networks. Rapid's technology and talented R&D team, together with Nokia, will allow us to bring a robust API infrastructure platform to accelerate network API-related product development and drive adoption across its broad global developer community."
Marc Friend, CEO of Rapid, said: "We are pleased to join forces with Nokia. The combination of Rapid's API technology and R&D expertise with Nokia's scale and network and API domain expertise will enable us to expand the broader API ecosystem."
Rapid's API technology includes a public marketplace, enterprise services, and an enterprise-grade API hub that allows companies to securely design, build, test, and share APIs across their organization and with external partners. With the public API marketplace, developers around the world can list and monetize their own APIs, and connect to hundreds of other APIs.
Financial details of the agreement, signed and closed today, are not being disclosed.
About Nokia
At Nokia, we create technology that helps the world act together.
As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.
With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.
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