Samsung Electronics has acquired Zhilabs, a real-time network analytics startup based in Barcelona. The idea is to facilitate the transition from 4G to 5G technologies. The details of the transition were not revealed.
Samsung will have full control of Zhilabs, however, it will continue to operate independently and under its own management.
The current acquisition of Samsung is part of an initiative unveiled in August by the company to invest 25 trillion won (about $22 billion) in companies working on AI, 5G, components for autonomous vehicles and biopharmaceutical technologies.
Youngky Kim, president of Samsung Electronics and head of the network business, in a statement, said that 5G will enable unprecedented services, with automated network analysis tools vital.
Zhilabs was founded in 2008 and its products are used by customers such as Hewlett Packard Enterprise, Vodafone and Telefonica for real-time network performance analysis and testing. Its solutions allow service problems to be detected and corrected automatically, with automation based on artificial intelligence, the startup will help Samsung to be able to launch new services related to the Internet of Things and also smart cars.
Source: TechCrunch
