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Microsoft to acquire Affirmed Networks to bolster 5G-related cloud offerings

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It looks like Brandon Middaugh is heading up the $1B Microsoft climate fund

Affirmed Networks CEO Anand Krishnamurthy. (Affirmed Networks Photo)

Microsoft stated in the present day that it’ll purchase Affirmed Networks, a Boston-area startup that sells virtualized community software program to cellular operators.

“This acquisition will permit us to evolve our work with the telecommunications business, constructing on our safe and trusted cloud platform for operators,” Microsoft Azure govt Yousef Khalidi stated in a weblog publish. “With Affirmed Networks, we can supply new and progressive options tailor-made to the distinctive wants of operators, together with managing their community workloads within the cloud.”

Founded in 2010, Affirmed Networks’ expertise is deployed in additional than 85 networks worldwide. Customers embody AT&T, SoftBank, Vodafone, and extra that use its companies to deploy and scale their cellular companies.

“We have been their companion of alternative as they put together for fifth technology (5G) networks and infrastructure,” Affirmed Networks CEO Anand Krishnamurthy stated in a weblog publish. “Now, the mixed applied sciences of Microsoft and Affirmed will additional speed up this momentous shift.”

The startup employs greater than 500 folks and had raised greater than $150 million, together with a $38 million spherical in February 2019.

Terms of the deal weren’t disclosed. The acquisition builds on Microsoft’s current cloud-related work to assist telecom firms with their 5G deployments. Microsoft inked a 5G partnership with AT&T final 12 months.

“Bringing this expertise and group of specialists into Microsoft permits us to increase our cloud providing to operators in all places as they more and more look to run their networks in a hybrid surroundings,” Khalidi wrote. “We’re enthusiastic about our future collectively the place carriers will have the ability to higher leverage Microsoft’s cloud to enhance total profitability and create new income streams.”

READ MORE:  Galaxy S20 sales can’t match iPhone 11

Update, March 27: Bloomberg reported that the acquisition valued Affirmed Networks at $1.35 billion.

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