Cradlepoint

Last updated
Cradlepoint
Company type Subsidiary
Industry Wireless WAN
Founded2006;18 years ago (2006)
Headquarters Boise, Idaho
Key people
George Mulhern (CEO & chairman) [1]
Number of employees
700 (2020) [2]
Parent Ericsson
Website cradlepoint.com

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]

Contents

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]

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References

  1. ↑ "Ericsson to acquire Cradlepoint for $1.1bn". Capacity Media. 18 May 2018. Retrieved 7 January 2021.
  2. 1 2 3 4 "Ericsson closes $1B Cradlepoint purchase with eye on enterprise". Fierce Wireless. 2 November 2020. Retrieved 21 January 2021.
  3. 1 2 3 "Ericsson picks up Cradlepoint for enterprise value of $1.1 billion". ZDnet. 21 September 2020. Retrieved 7 January 2021.
  4. 1 2 "A Idaho tech company just sold for $1 billion, creating several 'newly minted millionaires'". MVMagicValley.com. 21 September 2020. Retrieved 7 January 2021.
  5. 1 2 3 "Ericsson acquires Cradlepoint to accelerate enterprise 5G". Computer Weekly. 18 September 2020. Retrieved 7 January 2021.
  6. ↑ "Cradlepoint Gets Backing From Highway 12 Ventures". Tech Rockies. 5 April 2010. Retrieved 8 January 2021.
  7. ↑ "Boise-based company helps NORAD track Santa". KCENTV. 14 December 2019. Retrieved 7 January 2021.[ permanent dead link ]
  8. ↑ "Cradlepoint Buys Pertino for Cloud Networking". Light Reading. 15 December 2015. Retrieved 8 January 2021.
  9. 1 2 "The Cradlepoint NetCloud platform enables Network-as-a-Service". Network World. 5 August 2016. Retrieved 7 January 2021.
  10. ↑ "Cloud services firm Cradlepoint raises $89 million funding from TCV". VentureBeat. 9 March 2017. Retrieved 8 January 2021.
  11. 1 2 "Cradlepoint Moves its LTE-focused SD-WAN to Subscription Model". SDXCentral. 17 January 2018. Retrieved 7 January 2021.
  12. ↑ "Cradlepoint NetCloud update avoids unnecessary data usage". TechTarget. 18 May 2018. Retrieved 8 January 2021.
  13. 1 2 3 "Cradlepoint's 5G-ready edge router lets branch offices ditch wired broadband". VentureBeat. 15 May 2020. Retrieved 8 January 2021.
  14. ↑ "Turning the Internet of Things into the "Internet of Secure Things"". CIO. Retrieved 2023-11-03.
  15. ↑ "As acquisition by Ericsson closes, Cradlepoint is working on its 5G future". RCR Wireless. 2 November 2020. Retrieved 3 March 2021.
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