"Cellwize is a global technology leader and has been consistently recognized for the quality and resiliency of its technology by a long list of 'tier-1' mobile network operators," said Sonae IM CEO Carlos Alberto Silva. Cellwize is positioned as a "reference provider" for network operators, particularly in fifth generation (5G) mobile networks, due to its "modular and open architecture".
Sonae IM has thus joined with investors Deutsche Telekom Capital Partners (DTCP), Viola Ventures, Green Apple Tech and Vintage Investment Partners in support of Israelite, and the value of the investment has not been disclosed.
Cellwize Chief Executive Ofir Zemer argues that the industry is at a point of disruptive change and entering an age of intelligent connectivity, "where technology will think and respond for us." "The next phase of automation will incorporate 'machine learning', making self-driving networks smarter, maximizing cost efficiencies and improving customer experience," he said.
CellWize, a provider of mobile network automation and orchestration solutions, currently has clients such as Telefónica, Axiata and Bell Canada, providing technology in Europe, North America and Asia Pacific.
Currently, Sonae IM has a portfolio of more than 25 technology-based international companies dedicated to the retail, cybersecurity and telecommunications sectors.