Tag Archives: 5G wireless router

Ericsson Accelerates 5G for Enterprise with Acquisition of Cradlepoint

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Ericsson Accelerates 5G for Enterprise with Acquisition of Cradlepoint

Sept. 17, 2020 — Ericsson (NASDAQ: ERIC) has agreed to acquire Cradlepoint, the US-based market leader in Wireless Edge WAN 4G and 5G Enterprise solutions. The investment is key to Ericsson’s ongoing strategy of capturing market share in the rapidly expanding 5G Enterprise space. Cradlepoint complements Ericsson’s existing 5G Enterprise portfolio which includes Dedicated Networks and a global IoT platform.

The combined offering will create valuable new revenue streams for customers by supporting full 5G-enabled services for enterprise, and boost returns on investments in the network.

Cradlepoint will become a fully owned subsidiary of Ericsson while continuing to operate under its existing brand. Cradlepoint employees will remain within the company, headquartered in Boise, Idaho. It will be part of Ericsson’s Business Area Technologies & New Businesses.

The acquisition price amounts to an enterprise value of USD 1.1 b. with the transaction expected to close before the end of Q4 2020, subject to closing conditions. The purchase price, which is funded from Ericsson’s cash-in-hand, is paid in full on closing. Cradlepoint’s sales for 2019 were SEK 1.2 b. with a gross margin of 61%. Ericsson’s operating margins are expected to be negatively impacted by approximately 1% in 2021 and 2022 – where half is related to amortization of intangible assets which arise from the acquisition. Cradlepoint is expected to contribute to operating cash-flow starting in 2022. Ericsson’s 2022 group financial targets remain unchanged.

Wireless wide area network (wireless WAN) Edge solutions connect through 4G and 5G to deliver fast, secure, and flexible connectivity wherever and whenever it is needed for businesses, mobility and critical frontline emergency services. Cradlepoint is strongly positioned in a market with underlying growth of 25-30%.

Börje Ekholm, President and CEO Ericsson, says: “Portfolio-near acquisitions are an integral part of our earlier communicated strategy. The acquisition of Cradlepoint complements our existing offerings and is key to our strategy of helping customers grow the value of their 5G network investments. Ericsson is uniquely positioned to build on Cradlepoint’s leadership position in Wireless Edge and the wireless WAN market. Combining the scale of our market access and established relationships with the world’s biggest mobile operators we are making a strong investment to support our customers to grow in this exciting market. I would like to extend a very warm welcome to all Cradlepoint employees.”

George Mulhern, CEO and Chairman, Cradlepoint says: “We have led the way in bringing the power of cellular networks and technologies to enterprise and public sector customers – helping them connect beyond the limits of traditional wired WANs. Ericsson with its global 5G leadership is a great match for us and I am very excited to continue to scale and expand our business together.”

Founded in 2006, Cradlepoint has more than 650 employees, providing wireless WAN solutions that deliver enterprise-grade connectivity. In addition to the company headquarters in Boise, Idaho, USA, the company operates a research and development center in Silicon Valley, California, and new market offices in the United Kingdom and Australia.

Cradlepoint’s subscription model combines cloud-delivered software with hardware endpoints, support and training.

Ericsson’s long-standing collaboration with Cradlepoint dates back to the launch of 4G in the U.S. market more than a decade ago.

To find out more about the Cradlepoint range off 5G wireless routers and how it can bring your 5G IoT application to life please visit co-star

 

 

Cradlepoint Launches First 5G-Optimized Wireless WAN Edge Router for Enterprise Branch Deploymentsloyme

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Cradlepoint Launches Industry’s First 5G-Optimized Wireless WAN Edge Router for Enterprise Branch Deployments

Clean-Slate, All-In-One Design Provides Gigabit-Class Wireless Branch Solution With Performance And Investment Protection For Seamless Upgrade to 5G

 Cradlepoint, the global leader in cloud-delivered LTE and 5G wireless network edge solutions, today announced the Cradlepoint E3000 Series, the industry’s first 5G-Optimized, all-in-one wireless edge router for enterprise branch deployment. The clean-slate design optimizes performance and investment protection, enabling customers to deploy a wireless wide-area network (Wireless WAN) today using the latest LTE and Wi-Fi technology and seamlessly upgrade to 5G in the future.

The current coronavirus pandemic has fueled an already growing demand for agile and rapidly deployable Wireless WANs based on LTE for primary connectivity. The new Cradlepoint E3000 Series directly targets this burgeoning market. According to a new Worldwide 5G and 4G LTE Router Forecast from IDC, the combined market for enterprise branch, mobile, and IoT wireless routers and gateways will reach $2.98 billion by 2024.

Packaged as part of the Cradlepoint NetCloud Enterprise Branch Service, the E3000 Series utilizes the latest multi-core, wireless system-on-chip technology to deliver compelling price/performance relative to traditional wired branch routers. The all-new, all-in-one design provides a mid-sized, enterprise-class “branch-in-a-box” solution. In a compact footprint, the E3000 contains an embedded Gigabit-Class LTE modem, integrated Wi-Fi 6, gigabit Ethernet ports for WAN/LAN connectivity, and expansion slots accomodate a secondary LTE modem module today with 5G modem and Bluetooth 5.0 modules slated for later in 2020.

The powerful E3000 can run processor-intensive WAN edge features within the NetCloud Service at gigabit speeds, including BGP routing and application-aware SD-WAN and security functions, such as firewall, analytics, IPS/IPS and content filtering. It also supports customizable services like Wi-FI guest portal and IoT edge computing capabilities.

The Cradlepoint E3000 Series is ideal for branch-oriented industry sectors that need the flexibility and freedom of primary wireless connections with robust WAN and LAN networking and security capabilities. These include retail stores, restaurants, healthcare clinics, financial services locations — such as banking, insurance, and tax preparation — construction sites, and field service offices.

“Initial SD-WAN deployments have been focused primarily on fixed Internet economics” said Lee Doyle, principal analyst at Doyle Research. “The next phase of WAN transformation broadens the definition of a ‘branch’ and will include an expanded role for LTE and 5G to drive Wireless WAN solutions. The Cradlepoint announcement expands its solutions to enable the transformation to a Wireless WAN.”

Protect Your Investment With The Most Paths to 5G

According to a recent survey by Infosys of 850 industry practitioners and leaders across the US, Europe, Australia, and New Zealand, 90% are actively investigating business cases, defining use cases, or defining service portfolios based on 5G technology. The implications are clear: any IT executive that is planning a WAN edge technology refresh needs to have a defined pathway to 5G or risk having to rip-and-replace before the investment is fully depreciated.

Cradlepoint provides the most pathways from LTE to 5G in the industry. In February, the company introduced its W-Series 5G Wideband Adapter, the first 5G solution purpose-built for the enterprise. The E3000 Series is 5G Optimized and engineered to be a companion branch router for the W-Series, interconnecting over a high-speed 2.5Gbps Ethernet port. Pairing it with a W2000 indoor unit gives customers a complete wireless WAN solution for low-band and mid-band (Sub-6) 5G while paring with the W4005 outdoor unit delivers high-band (millimeter wave). Additionally, the E3000 expansion port will accommodate the new MC500 field-upgradable 5G modular modem (Sub-6) planned for early Q1 in 2021.

“Cradlepoint is committed to being the first and best choice for enterprise Wireless WAN and 5G solutions,” said Todd Krautkremer, Chief Marketing Officer at Cradlepoint. “We believe, as do many of our customers and partners, that Wireless WAN is the next big networking wave, driven by the emergence of 5G. The Cradlepoint E3000 Series, powered by NetCloud, is the latest addition to our next-generation of 5G-capable solutions, its design provides customers with no-compromise Gigabit-Class LTE performance and the most paths to a 5G future.”

The Cradlepoint NetCloud Service for Enterprise Branch with the new E3000 Series Router is available today, with pricing starting at $2,023. While optimized for wireless WAN and 5G, it supports the broadest range of wired and wireless connections for both WAN and LAN of any edge router in its class, and at a breakthrough price point:

Wired and Wireless WAN Connectivity Options

  • Embedded Gigabit-Class LTE modem (CAT 18)
  • 5Gbps Ethernet WAN port
  • Gigabit Ethernet WAN port
  • SFP/SFP+ fiber WAN port
  • Expansion port for secondary Gigabit-Class LTE or primary 5G modular modem (future)

Wired and Wireless LAN Connectivity Options

  • 9 – gigabit Ethernet ports with 4 Power over Ethernet (PoE) capable
  • Integrated Wi-Fi 6 access point
  • Expansion slot for Bluetooth 5.0 module (future)

For more information on the NetCloud for Enterprise Branch plan and the new Cradlepoiint E3000 wireless edge router, please visit https://cradlepoint.com/products/branch.

IDC, Worldwide 5G and 4G/LTE Router/Gateway Forecast, 2020–2024: Stronger Focus on Cellular Solutions at the Enterprise Edge,  Doc # US46208020, May 2020

Co-Star supply the full range of Cradlepoint wireless routers. Click here for more information>