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.
Espoo, Finland — Nokia 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.
