Monday, May 16, 2022

Intel buys Smart Edge platform from Canada-based Pivot Technology Solutions for $27M

In the latest move to expand its edge computing business, Intel Corp. has agreed to purchase Smart Edge computing platform, an indirect subsidiary of Pivot, for US$27 million on Oct. 15.

Smart Edge is a virtualized mobile smart edge (MEC) computing platform that provides services to enterprises and businesses at the edge. The technology enables services including personalized ads, digital signage, VR and AR, and product information. It can be linked with various IoT devices to provide data analytics.

The platform can also create caching points to quickly deliver information with lower latency. Decentralizing data delivery across many nodes across the network is faster than delivering data from large, centralized data centres.

By scooping up Pivot’s Smart Edge, Intel is looking to further expand into the 5G market, where IoT and edge computing is expected to boom. In its press release, the company said that it’s expecting the 5G silicon addressable market to reach $65 billion by 2023.

Intel exited the 5G smartphone modem business in April this year and transitioned its focus towards network infrastructure and data centres.

Reuters reported that Smart Edge did not generate much revenue in the first half of 2019.

The acquisition is expected to complete in the fourth quarter of 2019. Intel said around 25 Smart Edge employees will join Intel when the transaction closes.

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication. Click this link to send me a note →

Jim Love, Chief Content Officer, IT World Canada
Tom Li
Tom Li
Telecommunication and consumer hardware are Tom's main beats at IT World Canada. He loves to talk about Canada's network infrastructure, semiconductor products, and of course, anything hot and new in the consumer technology space. You'll also occasionally see his name appended to articles on cloud, security, and SaaS-related news. If you're ever up for a lengthy discussion about the nuances of each of the above sectors or have an upcoming product that people will love, feel free to drop him a line at tli@itwc.ca.

Related Tech News

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.