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Cradlepoint Acquires Ericom And Its Cloud-Based Enterprise Security Solution

PRIVATEApr 04, 2023

Acquiring Company

CradlePoint Inc

Acquired Company

Ericom

BoiseAustraliaInformation TechnologyHardwareWirelessInformation Technology

Description

Cradlepoint, part of Ericsson (Nasdaq: ERIC), announced today that it has acquired Israel-based Ericom Software and their advanced enterprise cloud security platform to solidify Cradlepoint’s SASE and zero trust offerings for hybrid 5G and wireline environments.

Quick answer

CradlePoint Inc is acquiring Ericom and Enterprise Security Solutions, announced April 4, 2023. CradlePoint Inc is based in Boise, Idaho, United States.

How much did CradlePoint Inc pay for Ericom?
The deal value was not disclosed.
What does CradlePoint Inc do?
Cradlepoint enables the freedom to connect people, places, and things that drive more experiences, more ways to work, and better business results — anywhere.
Where are CradlePoint Inc and Ericom based?
CradlePoint Inc is based in Boise, Idaho, United States. Ericom is based in Australia.

Source: Fundz verified event record.

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Company Information

Company

CradlePoint Inc

Location

1111 W. Jefferson Street

Boise, Idaho, United States

About

Cradlepoint enables the freedom to connect people, places, and things that drive more experiences, more ways to work, and better business results — anywhere. The company is a pioneer in Wireless WAN, offering advanced 4G and 5G routers and adapters — controlled through Cradlepoint NetCloudTM. Enterprise businesses and public sector agencies rely on Cradlepoint and its Cellular Intelligence to build a reliable, secure network wherever they need it, connecting fixed and temporary sites, vehicles, IoT devices, and remote employees. Headquartered in Boise, Idaho, Cradlepoint is a wholly owned subsidiary of Ericsson (NASDAQ: ERIC) and part of their Business Area Enterprise Wireless Solutions. It has international offices in Asia Pacific, Canada, Europe, India, and Latin America. www.cradlepoint.com

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Frequently asked

Who acquired Ericom?

Ericom was acquired by CradlePoint Inc, based in Boise. The deal was reported on April 4, 2023. Cradlepoint enables the freedom to connect people, places, and things that drive more experiences, more ways to work, and better business results — anywhere. CradlePoint Inc is privately held and operates in Information Technology.

When did CradlePoint Inc acquire Ericom?

CradlePoint Inc's acquisition of Ericom was reported on April 4, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Ericom do?

We help transform businesses through cutting-edge technology and digital solutions that drives competitive advantage and promote growth. It is privately held, and is based in Australia.

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