Qualcomm Acquires Israeli 5G Mobile Network Firm Cellwize

US chipmaker Qualcomm Technologies announced on Monday that it has acquired Israeli 5G mobile network automation firm Cellwize Wireless Technologies.

As industries look to connect everything to the cloud, global mobile operators and private enterprises are deploying 5G networks. Qualcomm Technologies remains committed to accelerating the deployment of Open RAN, a key technology for the deployment of public and private 5G networks,” Qualcomm wrote in a blog post. The acquisition “allows us to accelerate Open RAN (Radio Access Network) global adoption, 5G private network deployments, and cloud-based cellular infrastructure innovation.”

No financial details of the acquisition were disclosed but market sources believe that Qualcomm is paying $300 to $350 million for Cellwize, Globes reports.

Founded in 2012, Cellwize is the developer of Chime, a cloud-based and AI-driven radio-access network automation and orchestration platform designed to help mobile network operators accelerate their 5G network deployment, go-to-market, and return on network investments.

Cellwize CEO Ofir Zemer will become Qualcomm VP product management. He said, “We are excited to join Qualcomm Technologies as we are both committed to accelerate the mission to modernize Radio Access Networks and enable mobile network operators and enterprises to fully realize and monetize their digital transformation.”

Qualcomm Technologies has been at the forefront of developing innovative infrastructure platforms that will develop the architecture of the modern network and power the digital transformation of industries.