Announced

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Sonae IM made an equity investment in Cellwize.

Synopsis

Sonae IM, a tech oriented private equity firm, made an equity investment in Cellwize, a leading provider of Mobile Network Automation solutions. Financial terms were not disclosed. “At Cellwize, we understand that the industry is on the cusp of disruptive change and entering an era of intelligent connectivity where technology will think and respond for us. The next phase of automation will incorporate machine learning, making the self-driving network more intelligent, maximizing cost efficiencies and improving the subscriber experience,” said Ofir Zemer, CEO of Cellwize. “Cellwize is poised to assist mobile operators in transforming existing operations, by streamlining and automating processes, to build the foundation for autonomous operations.”

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