Nokia acquires Rapid, API company once valued at $1B

Nokia buys world's largest API hub from Rapid to cash in on 5G
Nokia said on Wednesday it had bought the world's largest application programming interface (API) hub and marketplace from U.S. company Rapid as it seeks to boost revenues from its 5G and 4G networks.
Nokia acquires Rapid’s technology assets to enhance network API development
This acquisition aligns with Nokia's strategy to expand its network API product road map and lead the API ecosystem, enabling operators, systems integrators, independent software vendors and hyper-scalers to leverage 5G and 4G network capabilities.
Nokia acquires Rapid, the API company once valued at $1B
Nokia, once the world's biggest mobile phone company but now mainly a provider of infrastructure and services to telecoms carriers, has made an
Nokia acquires Rapid technology and R&D unit to strengthen development of network API solutions and ecosystem
Press ReleaseNokia acquires Rapid technology and R&D unit to strengthen development of network API solutions and ecosystem Strengthens
Nokia acquires Rapid tech assets, takes Ionian submarine cable to 800Gbps
Acquisition designed to strengthen network API product development expanding ecosystem to use 5G, 4G network capabilities while comms tech company claims capacity-reach record for unrepeated transmission over 330km between Italy and Greece.
Will the Buyout of Rapid's API Technology Boost Nokia's Stock Growth?
Nokia Corporation NOK recently announced that it has completed the acquisition of Rapid’s API technology assets for an undisclosed amount. Rapid’s industry-leading API technology includes the world's largest application programming interface (API) hub,
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