Company:Cradlepoint
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| Type | Subsidiary |
|---|---|
| Industry | Wireless WAN |
| Founded | 2006 |
| Headquarters | Boise, Idaho |
Key people | George Mulhern (CEO & Chairman)[1] |
Number of employees | 700 (2020)[2] |
| Parent | Ericsson |
| Website | cradlepoint |
Cradlepoint is a Boise, Idaho-based technology company that develops cloud-managed wireless edge networking equipment.[3] The company was founded in 2006.[4] Swedish telecommunications company Ericsson completed its acquisition of the company in November 2020.[2]
History
Cradlepoint was founded in 2006 in Boise, Idaho, by Pat Sewall, who later brought on co-founders Ryan Adamson and Gary Oliviero.[4] Its first products were 3G and 4G cellular routers that created Wi-Fi hotspots for mobile internet.[5][6] One of its early customers was aerospace defense organization NORAD, which used a Cradlepoint cellular router to connect 1,500 volunteers with roughly 140,000 calls per year coming from children trying to speak with Santa Claus.[7]
In December 2015, Cradlepoint acquired Los Gatos, CA-based networking company Pertino.[8]
In August 2016, the company announced the Cradlepoint NetCloud platform, a software-defined Wide Area Network (SD-WAN) architecture for businesses to manage their wired and wireless networks.[9]
In March 2017, the company received $89 million in funding from new investor Technology Crossover Ventures (TCV).[10]
In January 2018, the company launched its NetCloud Solution subscription model, bundling its hardware and software into annual or multi-year subscriptions.[11]
In January 2020, the company introduced additional analytics capabilities to its NetCloud management platform, to help businesses manage their wireless network charges.[12] In May, the company introduced its E3000 5G compatible edge router.[13] In September, the company announced it was being acquired by Swedish telecommunications company Ericsson, but would continue to operate as Cradlepoint.[3] The purchase closed in November 2020, with the company continuing as a standalone subsidiary within Ericsson’s Business Area Technologies and New Businesses segment.[2]
Products
Cradlepoint develops routers, gateways and software for wireless WAN edge networking, using 4G and 5G wireless signals to connect businesses and other mobile users such as remote front-line emergency workers. The company uses a subscription model that combines its cloud-delivered software as SaaS, with hardware, support and training.[5][11]
The company's E3000 5G-compatible edge router allows satellite offices or small businesses to use a gigabit LTE cellular signal to create a Wi-Fi network using the latest IEEE 802.11ax standard, commonly known as Wi-Fi 6.[13] Modular 5G modems can be customized for compatibility with individual carriers' 5G networks.[13]
The company's NetCloud platform manages the company's 4G LTE-enabled routers and M2M/IoT gateways.[14] The platform also combines cloud, software-defined networking (SDN) and Network Function Virtualization (NFV) technologies, known as Network as a service.[9]
As of November 2020, the company said it was certifying its equipment with carriers to ensure that its 5G equipment was compatible with the different versions of the technology.[15]
Operations
The company is headquartered in Boise, Idaho, operates a research and development center in Silicon Valley, and has international offices in the UK and Australia.[5] In September 2020, the company announced it had over 20,000 customers, 1,500 channel partners, and over 1 million SaaS subscriptions.[3] The company has 700 employees as of November 2020.[2]
References
- ↑ "Ericsson to acquire Cradlepoint for $1.1bn". 18 May 2018. https://www.capacitymedia.com/articles/3826373/ericsson-to-acquire-cradlepoint-for-11bn. Retrieved 7 January 2021.
- ↑ 2.0 2.1 2.2 2.3 "Ericsson closes $1B Cradlepoint purchase with eye on enterprise". 2 November 2020. https://www.fiercewireless.com/wireless/ericsson-closes-1b-cradlepoint-purchase-eye-enterprise. Retrieved 21 January 2021.
- ↑ 3.0 3.1 3.2 "Ericsson picks up Cradlepoint for enterprise value of $1.1 billion". 21 September 2020. https://www.zdnet.com/article/ericsson-picks-up-cradlepoint-for-enterprise-value-of-1-1-billion/. Retrieved 7 January 2021.
- ↑ 4.0 4.1 "A Idaho tech company just sold for $1 billion, creating several 'newly minted millionaires'". 21 September 2020. https://magicvalley.com/business/a-idaho-tech-company-just-sold-for-1-billion-creating-several-newly-minted-millionaires/article_5cc38d6f-567d-5307-be7f-669895212b5d.html. Retrieved 7 January 2021.
- ↑ 5.0 5.1 5.2 "Ericsson acquires Cradlepoint to accelerate enterprise 5G". 18 September 2020. https://www.computerweekly.com/news/252489244/Ericsson-acquires-Cradlepoint-to-accelerate-enterprise-5G. Retrieved 7 January 2021.
- ↑ "Cradlepoint Gets Backing From Highway 12 Ventures". 5 April 2010. https://www.techrockies.com/cradlepoint-gets-backing-from-highway--ventures/s-0027854.html. Retrieved 8 January 2021.
- ↑ "Boise-based company helps NORAD track Santa". 14 December 2019. https://www.kcentv.com/article/news/local/christmas-santa-tracker-boise-company-cradlepoint-router-cellular-claus/277-7c172d50-7c48-492a-9946-c2b0453d999f. Retrieved 7 January 2021.[yes|permanent dead link|dead link}}]
- ↑ "Cradlepoint Buys Pertino for Cloud Networking". Light Reading. 15 December 2015. https://www.lightreading.com/cradlepoint-buys-pertino-for-cloud-networking/d/d-id/719861. Retrieved 8 January 2021.
- ↑ 9.0 9.1 "The Cradlepoint NetCloud platform enables Network-as-a-Service". 5 August 2016. https://www.networkworld.com/article/3104647/the-cradlepoint-netcloud-platform-enables-network-as-a-service.html. Retrieved 7 January 2021.
- ↑ "Cloud services firm Cradlepoint raises $89 million funding from TCV". 9 March 2017. https://venturebeat.com/2017/03/09/cloud-services-firm-cradlepoint-raises-89-million-funding-from-tcv/. Retrieved 8 January 2021.
- ↑ 11.0 11.1 "Cradlepoint Moves its LTE-focused SD-WAN to Subscription Model". 17 January 2018. https://www.sdxcentral.com/articles/news/cradlepoint-moves-lte-focused-sd-wan-subscription-model/2018/01/. Retrieved 7 January 2021.
- ↑ "Cradlepoint NetCloud update avoids unnecessary data usage". 18 May 2018. https://searchnetworking.techtarget.com/news/252476572/Cradlepoint-NetCloud-update-avoids-unnecessary-data-usage. Retrieved 8 January 2021.
- ↑ 13.0 13.1 13.2 "Cradlepoint's 5G-ready edge router lets branch offices ditch wired broadband". 15 May 2020. https://venturebeat.com/2020/05/15/cradlepoints-5g-ready-edge-router-lets-branch-offices-ditch-wired-broadband/. Retrieved 8 January 2021.
- ↑ "Turning the Internet of Things into the “Internet of Secure Things”" (in en-US). https://www.cio.com/article/228106/turning-the-internet-of-things-into-the-internet-of-secure-things.html.
- ↑ "As acquisition by Ericsson closes, Cradlepoint is working on its 5G future". 2 November 2020. https://www.rcrwireless.com/20201102/network-infrastructure/as-ericsson-acquisition-closes-cradlepoint-is-working-on-its-5g-future. Retrieved 3 March 2021.
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