Nokia acquires Rapid’s API assets to drive 5G network monetisation

Nokia has taken a significant step forward in its strategy to lead the API ecosystem with the acquisition of Rapid’s API technology assets. This strategic move is designed to bolster Nokia’s Network as Code platform, leveraging Rapid’s cutting-edge API hub—regarded as the world’s largest—alongside its highly skilled research and development team. The acquisition is central to Nokia’s mission to help operators monetise their 4G and 5G networks by integrating core capabilities with developer-driven innovations.

Operators globally are striving to recoup massive investments in 5G technology by exposing their networks’ functionalities via APIs. This standardised approach allows developers to create and commercialise applications targeting consumer, enterprise, and industrial markets. Nokia’s integration of Rapid’s API infrastructure enhances its ability to support operators in API usage management, lifecycle optimisation, and collaboration with developers worldwide.

Boosting the network as code platform

Since its launch in September 2023, Nokia’s Network as Code platform has gained remarkable traction, partnering with industry leaders like BT, DISH, Google Cloud, Orange, and Telefonica. With Rapid’s technology now integrated, the platform is poised to offer a seamless, robust API infrastructure that empowers operators to unlock new revenue streams. This acquisition further enhances the platform’s developer portal, allowing collaboration with Rapid’s extensive global developer community through its public API marketplace.

The integration promises to simplify how operators expose network capabilities while fostering innovation within the API ecosystem. Nokia is positioning itself as the bridge between operators and developers, enabling the creation of new applications that can redefine consumer and enterprise experiences.

Expert insights on the acquisition

Raghav Sahgal, President of Cloud and Network Services at Nokia, emphasised that the acquisition is crucial for building a thriving network API ecosystem. He noted that the combination of Nokia’s scale and expertise with Rapid’s pioneering API technology will accelerate the adoption of API-driven solutions, driving significant enterprise and consumer value.

Marc Friend, Chief Executive Officer of Rapid, shared similar optimism, stating that the collaboration would enable the expansion of the global API ecosystem. He highlighted the synergy between Rapid’s API technology and Nokia’s extensive industry reach as a powerful enabler of innovation.

Revolutionising the api ecosystem

Rapid’s technology includes a sophisticated API hub, enterprise services, and a marketplace where developers can list and monetise their APIs while accessing a wide array of other APIs. This marketplace fosters a global community of developers who can innovate and share cutting-edge applications. With the acquisition, Nokia is set to expand this network, empowering organisations to securely design, build, test, and deploy APIs both internally and externally.

By integrating Rapid’s capabilities, Nokia aims to drive the next wave of innovation in 5G and 4G monetisation. The deal underscores Nokia’s commitment to empowering operators to unlock the full potential of their networks while supporting developers in bringing transformative applications to market.

Financial terms undisclosed

The agreement, signed and finalised today, underscores Nokia’s strategic investment in network monetisation capabilities. However, the financial terms of the acquisition have not been disclosed.