The acquisition would provide the best possible service to Samsung subscribers.
Samsung Electronics announced to acquire Zhilabs, Barcelona based real-time networks analytics startup. Financial details of the deal are yet to disclose. As per the deal, Zhilabs to be wholly owned by Samsung, and will continue to operate independently under its own management.
Samsung to invest in emerging technologies
The acquisition of Zhilabs is part of Samsung’s initiative, announced in August 2018, to invest in businesses working on AI, 5G, components for self-driving vehicles, and biopharmaceutical technologies. Samsung bets that Zhilabs, which uses artificial intelligence to analyze network data, would help its transition to newer 5G gear, as it uses an automated network analytics tool for fast data crunching. Recently, Samsung, stated, that it “will also explore and invest in other business opportunities powered by the emerging technologies.”
Youngky Kim, president and head of networks business Samsung Electronics, stated, “5G will enable unprecedented services attributed to the generation of exponential data traffic, for which automated and intelligent network analytics tools are vital. The acquisition of Zhilabs will help Samsung meet these demands to assure each subscriber receives the best possible service.”
Zhilab’s AI-based automation to empower Samsung
Founded in 2008, Zhilabs provides analyses of the network condition, performance, and data traffic for about 50 telecom companies. Zhilabs’ customers include Hewlett Packard Enterprise, Vodafone, and Telefonica. Because its solutions allow service issues to detect and fix automatically, Zhilabs’ AI-based automation will support Samsung launch new services related to the industrial Internet of Things and smart cars.
Joan Raventós, CEO, Zhilabs, states, “5G technology will disrupt the communications landscape for the better, but it will only be successful if the quality of the networks transferring the information can be measured and improved to provide a best-in-class experience.”
Samsung Collaborates with Basel Action Network to Enhance e-Waste Tracking
Samsung, in a new initiative with partner Basel Action Network (BAN), adopting BAN’s EarthEye service – a global GPS based tracking system for electronic waste.
Mark Newton, Director of Regulatory and Environmental Affairs, Samsung, stated, “Samsung not only aims to be a leader in product innovation but also in using innovative technologies to keep our supply and disposition chains accountable.” He added, “For this reason, Samsung will add EarthEye as part of our arsenal to maintain the most rigorous due diligence and standards for responsible recycling.”