Ericsson and LotusFlare Announce Equity Investment and Strategic Partnership
This strategic partnership is built on the shared vision of accelerating the development and commercial deployment of AI-powered software solutions in the telecommunications industry, to create a global network API ecosystem. Ericsson's investment for a minority stake in LotusFlare is a validation of LotusFlare's DNO Cloud offering that will provide network abstraction and external network exposure, including consent management, for network APIs. This collaboration marks a significant milestone in LotusFlare's journey as it prepares for its next phase of growth and expansion.
LotusFlare's differentiated market position is underpinned by two highly integrated product lines designed to drive revenue growth, operational efficiency, and scalable monetization for CSPs:
- LotusFlare Digital Network Operator® (DNO™) Cloud, an AI-powered digital commerce and monetization platform that delivers valuable business outcomes to CSPs across consumer, enterprise and wholesale lines of business. Today, DNO powers API marketplaces, mobile, broadband and converged brands, as well as MVNE/O platforms for leading global operators.
- Nomad eSIM, a game-changing global connectivity product that provides travelers with convenient, reliable, and affordable data plans in over 200 destinations worldwide.
Niklas Heuveldop, Senior Vice President, Head of Business Area Global Communications Platform and CEO of Vonage, says: "We are delighted to establish this strategic partnership with LotusFlare. The combination of Ericsson's high-performance, programmable networks with LotusFlare's Network Abstraction capabilities, Aduna's global network API aggregation capabilities, and Vonage's network powered enterprise solutions will accelerate CSPs ability to unlock new network capabilities and take advantage of one of the most important value creation opportunities for the industry. By further strengthening the industry ecosystem, Ericsson is accelerating the opportunity for CSPs, enterprises, and developers to collaborate and innovate at hyperscale, leveraging the full potential of 5G and AI."
"We are delighted to welcome Ericsson as an investor in LotusFlare," says
"LotusFlare has consistently shown that it can build and deploy world-class products in ways that can move the needle for mobile operators like our LP, Globe Telecom. Our investment reflects our conviction in their strong performance and continuous strategic relevance. We believe this latest round led by Ericsson makes the opportunity even more compelling for us and positions LotusFlare for a strong next chapter," says Kickstart Ventures Managing Partner and Co-founder
The two companies plan to explore opportunities related to network asset monetization and API exposure. With this investment, LotusFlare will expand its global presence, accelerate development of AI-ready solutions that reduce cost and complexity, and deliver industry-leading platforms for CSPs.
About LotusFlare
LotusFlare's mission is to design, build, and continuously advance a cloud-native commerce and monetization platform, DNO Cloud, that simplifies technology and customer experience to deliver valuable outcomes to enterprises. LotusFlare owns and operates Nomad eSIM, which is transforming global connectivity by providing travelers with convenient, reliable, and affordable data plans in over 200 destinations.
About Ericsson
Ericsson's high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com
About Kickstart Ventures
Driven by its vision to shape a better future, Kickstart Ventures invests in tech startups that solve real-world problems through sustainable and holistic innovation. The corporate venture capital firm of
Ericsson Contact
Phone: +46 76 128 47 89
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LotusFlare Contact
Chief Commercial Officer
Email Address: [email protected]
LotusFlare News: https://lotusflare.com/news/
LinkedIn: https://www.linkedin.com/company/lotusflare
Kickstart Ventures Contact
Head of Communications
Email Address: [email protected]
LinkedIn: https://www.linkedin.com/company/kickstart-ventures-inc-
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SOURCE LotusFlare
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