Ericsson-backed Cradlepoint completed the acquisition of Quortus.

Synopsis

Ericsson-backed Cradlepoint, a provider of cloud-delivered 4G and 5G wireless network solutions, completed the acquisition of Quortus, a company that developed virtualized mobile core solutions. Financial terms were not disclosed.

Principals

target

QUORTUS

bidder

Ericsson

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Market Context

MergerLinks - Ericsson-backed Cradlepoint completed the acquisition of Quortus.