Samsung Electronics Co said on Wednesday it has purchased Barcelona-based network data analysis organization Zhilabs, as the South Korean tech giant gears up to roll out products for connected devices and 5G mobile services that require fast data crunching. Financial details of the acquisition have not yet been revealed. Zhilabs will be completely owned by Samsung, yet it will keep on working independently under its own administration.
Samsung did not uncover the details of the deal, which denotes the first declared procurement in new technologies since organizations in the Samsung group pledged in August a KRW 25 trillion ($22.23 billion) investment in AI, 5G, electronic segments for automobiles, and biopharmaceuticals. Samsung is betting that Zhilabs, which uses AI to study network data, would push its progress to updated 5G gear, as it uses an automated network analytics tool for fast data crunching.
In an announcement, Youngky Kim, Samsung Electronic’s president and head of network systems, said “5G will empower unprecedented services ascribed to the generation of exponential data traffic, for which automated and intelligent network analytics are indispensable. The procurement of Zhilabs will enable Samsung to meet these requirements to guarantee every member gets the most ideal service.”
Established in 2008, Zhilabs’ products are used by clients including Hewlett Packard Enterprise, Vodafone, and Telefonica to analyze and test network performance in real-time. Since its solutions permit service issues to be consequently recognized and fixed, Zhilabs’ AI-based automation will enable Samsung to dispatch new services identified with the industrial IoT (Industry 4.0) and smart cars.
Notwithstanding the procurement, Samsung will keep on reinforcing its automation solutions that measure the quality of every user service and can likewise automatically improve service quality without human intercession. The organization will likewise investigate and put resources into different business openings powered by emerging technologies.