Nokia, the company that once was the biggest mobile phone company in the world, has made an interesting acquisition in its bid to be a bridge between the adjacent but very different worlds of tech and telecoms: it’s acquiring Rapid, formerly known as RapidAPI, a provider of an API marketplace, which it will be integrating […] © 2024 TechCrunch. All rights reserved. For personal use only.

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

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Nokia acquires Rapid technology assets to advance network API solutions, enhancing ecosystem development.

Nokia acquires Rapid's technology assets (NYSE:NOK)

Seeking Alpha

Nokia said on Wednesday (Nov 13) it had bought the world’s largest application programming interface (API) hub and marketplace from US company Rapid as it seeks to boost revenues from its 5G and 4G networks.

Business Times

Nokia buys world's largest API hub from Rapid to cash in on 5G

Nokia sealed a deal to acquire ICT company Rapid’s technology assets including its API hub and R&D unit, a move the vendor claimed is designed to build on its strategy of expanding the API ecosystem and monetise network assets. The deal was rapid by both name and nature, with Nokia stating it has already closed the purchase. Financial terms are not being disclosed. The Finnish vendor claimed Rapid’s API hub is a popular choice among developers g…

Mobile World Live

Nokia strengthens API push with Rapid buy

Nokia says it has bought the technology operations and R&D unit of the American company Rapid.

Nokia kertoo ostaneensa yhdysvaltalaisen Rapidin teknologiatoiminnot ja T&K-yksikön.

Nokia ostoksilla Kaliforniassa – Kauppahinta ei julki

arvopaperi.fi

Nokia shopping in California - Purchase price not disclosed

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 said it will own the U.S. tech start-up’s technology and research and development unit under the deal, enabling its clients to integrate their networks, control their API usage and collaborate with the platform’s developer base.  API are str…

Verve times

On Wednesday, Nokia (NYSE: NOK) said it had bought the world's largest application programming interface (API) hub and marketplace from U.S. company Rapid as

abbonews.com

Nokia Buys World’s Largest API Hub from Rapid to Cash in on 5G

Nokia, now a leader in telecommunications infrastructure beyond mobile phones, has acquired Rapid, a company renowned for its wide API marketplace.  The acquisition will enable Nokia to strengthen its presence in the 5G space by providing telecom operators with a platform to enhance network accessibility for developers.  Rapid’s technology, particularly its API hub, will be integrated into Nokia’s “Network as Code” initiative, aiming to unlock n…

techeconomy.ng

Nokia Acquires API Company to Boost Global 5G Innovation, Bridge Tech-Telecom Divide - Tech

Nokia acquires Rapid technology and R&D unit to strengthen development of network API solutions and ecosystem 
Strengthens Nokia’s network API product development and go-to-market efforts.  
Builds on Nokia’s strategy of leading and expanding the network API ecosystem to utilize 5G and 4G network capabilities and monetize network assets.  
Enables operators to integrate their networks with Rapid’s industry-leading API Hub technology and collabor…

cioinfluence.com

Nokia Acquires Rapid’s Technology and R&D Unit to Advance Network API Solutions and Ecosystem

Nokia has acquired Rapid’s technology assets, including its extensive API hub used globally by thousands of developers, and its advanced R&D unit. Nokia @ Mobile World Congress 2024 This acquisition aligns with Nokia’s strategy to lead the API ecosystem and advance its network API product roadmap. The financial specifics of the acquisition remain undisclosed. Following major investments in 5G, operators are leveraging network APIs to monetize ne…

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

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