Cradlepoint CEO: Ericsson’s $1.1B Acquisition Will Help Company Compete Against Cisco Meraki
“Cradlepoint provides the most graceful pathway to 5G for enterprise customers that want to pursue an LTE investment today. Cisco Meraki is still generations behind on LTE … With the acquisition by Ericsson … it’s easy to see how we can dramatically improve our lead in 5G,” Cradlepoint CEO George Mulhern told CRN.
Will the deal help Cradlepoint to continue to compete with the likes of Cisco Meraki?
We are competing effectively today and winning deals against [Cisco]. The pending Ericsson acquisition will only improve our position. Keep in mind, Cradlepoint has moved the goal post from LTE to a Pathway to 5G for the enterprise, which is what any CIO cares about if they are committing millions for a WAN upgrade right now. We have the only 5G for business solutions on the market today, and we have plans to aggressively certify with carriers around the world over the next 12-18 months.
Today, Cradlepoint provides the most “graceful” pathway to 5G for enterprise customers that want to pursue an LTE investment today. Cisco Meraki is still generations behind on LTE and has no published path to 5G. With the acquisition by Ericsson, who has over 180 5G agreements in place with carriers today, it’s easy to see how we can dramatically improve our lead in 5G. We have an opportunity to deliver future Wireless WAN Edge solutions that are more intelligent and more integrated to the carrier 5G service. This will unlock the transformational value of 5G for enterprise WANs.