Intelligent Tech Channels Issue 55 - Page 58

MARKET MOVEMENT
Ericsson completes acquisition of Vonage

Vonage is supporting Ericsson ’ s strategy to leverage technology leadership to grow its mobile network business and expand into enterprise by providing access to powerful building blocks to offer a full suite of communications solutions .

These include Communications-Platform-as-a-Service ( CPaaS ), UCaaS and CCaaS .
Ericsson aims to transform the way advanced 5G network capabilities are exposed , consumed and paid for . This will
provide the global developer community , including Vonage ’ s more than one million registered developers , with easy access to 4G and 5G network capabilities via open Application Program Interfaces ( APIs ).
Börje Ekholm , President and CEO , Ericsson , said : “ We are excited to welcome Vonage as part of Ericsson . By linking the network world with the global developer community , we ’ re creating a paradigm shift that will put the network at the centre .
“ 4G was the platform that allowed the consumer to digitalise . With 5G , we have an innovation platform offering almost limitless opportunities to develop super-fast , highly reliable , low-latency and mission-critical services .”
Rory Read , Vonage CEO , said : “ Vonage was born out of innovation and is a global leader in business cloud communications . This partnership will strengthen our offerings to businesses across the globe by leveraging Ericsson ’ s leadership in 5G , global market presence and strong R & D capabilities .
“ The way we work , shop , learn , see a doctor , exercise and entertain is fundamentally changing . Together , Ericsson and Vonage will be at the heart of the next wave of the Digital Transformation .”
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WiseTech extends digital documentation offering with acquisition of Bolero

WiseTech Global , developer of cloudbased logistics execution software CargoWise , has announced the acquisition of Bolero and its subsidiaries , a leading provider of electronic Bills of Lading ( eBL ) and digital documentation capabilities to facilitate global trade .

Richard White , Founder and CEO at WiseTech Global , said : “ As the logistics industry continues to move toward digitisation , the need for paperless solutions that provide end-to-end execution and visibility are critical . We see tremendous synergy in combining Bolero ’ s capabilities within the CargoWise ecosystem , creating seamless end-to-end digital workflows .
“ The Bolero team ’ s knowledge and technology stack will be connected directly into the CargoWise ecosystem to provide benefits to existing CargoWise customers through the provision of leading eBL , digital documentation workflows and the digital connection to banking and settlement services . Our shared commitment to develop digital capabilities that enable and empower global trade means together we will continue to provide our customers with solutions to meet the future needs of the industry . We are excited to welcome Bolero in to our global WiseTech team .”
Andrew Raymond , CEO of Bolero , said : “ Joining the WiseTech Global group is a natural progression for our business , and a huge step forward for fully digital supply chain documentation , facilitating safer , smarter and faster global trade . Bolero has a proven track record with importers , exporters , ocean carriers , major banks and port terminals .”
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