Nokia acquires Rapid technology and R&D unit to strengthen development of network API solutions and ecosystem

Core Insights - Nokia has acquired Rapid's technology assets and R&D unit to enhance its network API solutions and ecosystem [2][3] - The acquisition aligns with Nokia's strategy to lead and expand the network API ecosystem, leveraging 5G and 4G capabilities to monetize network assets [2][3] - Rapid's API technology will enable operators to integrate their networks with a large developer base, facilitating the development of new applications [3][5] Company Strategy - The acquisition strengthens Nokia's network API product development and go-to-market efforts [1][2] - Nokia aims to utilize Rapid's API Hub technology to expose network functions to developers, fostering the creation of consumer, enterprise, and industrial applications [3][5] - The integration with Rapid's technology is expected to enhance API lifecycle management and control API usage [3][5] Market Position - Since launching the Network as Code platform in September 2023, Nokia has partnered with 27 global partners, indicating strong momentum in the market [4] - The collaboration with Rapid is anticipated to accelerate network API-related product development and adoption across a broad developer community [5] Technology and Innovation - Rapid's API technology includes a public marketplace and enterprise-grade API hub, allowing secure API design, testing, and sharing [5] - The public API marketplace will enable developers to monetize their APIs and connect with other APIs globally [5] Financial Aspects - Financial details of the acquisition have not been disclosed [6]