Samsung buys network data specialists Zhilabs in 5G push

Samsung says ola to Zhilabs

Samsung says ola to Zhilabs

Samsung has snagged artificial intelligence and analytics startup Zhilabs to help grease its transition from 4G to 5G.

The Zhilabs deal also serves as an action item from Samsung's announcement in August when it said it was investing about $22 billion over the next three years in companies that were working on 5G, AI, automotive electronics components or biopharmaceuticals.

Zhilabs, fully owned by Samsung, will operate independently under its own management led by Joan Raventós, CEO.

Going forward, it's not looking like the overcrowded global smartphone market will bounce back to massive growth anytime soon, so it's certainly not surprising to see Samsung trying to branch out, as well as consolidate and beef up its other profitable businesses.

Novartis AG (NVS) Announces Deal for Radiopharmaceutical Company
Narasimhan said that transaction prompted Novartis to expand relationships with US and European nuclear medicine centers. It also announced on Thursday the $2.1 billion acquisition of US biopharmaceutical company Endocyte .

Samsung disclosed that it's acquired Barcelona-based Zhilabs, a network analytics startup, and while Samsung hasn't shared terms of the deal, it is saying the goal is pretty straightforward.

Founded in Spain in 2008, Zhilabs focuses on solutions that measure service quality and automate network operations by analyzing network operation and performance, and data traffic on networks.

Samsung Electronics Co Ltd (005930.KS) said on Wednesday it has bought Barcelona-based network data analysis firm Zhilabs, as the South Korean giant gears up to launch products for connected devices and 5G mobile services that require fast data crunching. Samsung, of course, has already teamed up with large carriers to start powering commercial 5G networks. The acquisition aims to bolster Samsung's competitiveness in the fifth-generation network industry, one of Samsung Group's four key growth drivers for the future alongside AI, auto electronics and biologics. "Samsung Electronics will actively expand its 5G infrastructure with global telecom operators based on cooperation with Zhilabs".

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.