Cradlepoint Acquires Ericom and its Cloud-Based Enterprise Security Solution

BOISE, Idaho, April 04, 2023 (GLOBE NEWSWIRE) -- Cradlepoint, part of Ericsson (NASDAQ:ERIC), announced today that it has acquired Ericom Software and their advanced enterprise cloud security platform to solidify Cradlepoint's SASE and zero trust offerings for hybrid 5G and wireline environments.

The Ericom acquisition is a key part of Cradlepoint's strategy of building a full-stack enterprise security service optimized for 5G. Ericom's zero trust and cloud-based security solutions will form the basis of the new Cradlepoint NetCloud Threat Defense cloud service, expanding the company's mobile-capable and router-integrated SASE and zero trust portfolio of solutions for fixed-site, remote worker, in-vehicle and IoT use cases.

"Networking and security are rapidly merging within the enterprise, and the cloud is increasingly leveraged as the preferred SASE delivery mechanism," said Will Townsend, vice president and principal analyst of networking and security at Moor Insights & Strategy. "Cradlepoint's acquisition of Ericom and its zero trust security capabilities should position the company well to capitalize, especially in organizations considering a 5G-centric deployment approach."

Ericom leveraged its deep expertise in remote access and cloud-delivered web security technologies to develop its security solution. It provides organizations with a broad set of integrated security controls aligned with providing the security aspects of Gartner's Secure Access Service Edge (SASE) framework, including secure web gateway (SWG), remote browser isolation (RBI), cloud access security broker (CASB), zero-trust network access (ZTNA), and more. The cloud-based security solution is delivered on a high-availability and distributed cloud network deployed across various tier-1 cloud infrastructure partners, giving it a global presence and the ability to enforce security policies close to users and the data and applications they need to access.

"The combination of Cradlepoint's expertise in enterprise networking and Ericom's innovative SSE and zero trust security solutions will create a powerful capability to meet the increasing demand for cloud-based secure network solutions," said David Canellos, CEO of Ericom. "The acquisition enhances our ability to meet the cybersecurity needs of global enterprises as they accelerate their rapid adoption of 5G technologies. We look forward to this exciting new chapter and its opportunities."

Cradlepoint is a leader in 5G for business solutions and is a main driver of Ericsson's enterprise aspirations. Its SD-WAN and security strategy is based on the belief that enterprises will not deploy multiple vendor solutions to address their wireless and wireline network infrastructures. As a result, Cradlepoint will offer the NetCloud Threat Defense cloud service built to interoperate with the company's recently announced NetCloud Exchange SD-WAN offering. While optimized for 5G, NetCloud Threat Defense will be for enterprise-wide deployment across any infrastructure.

"Cradlepoint is pleased to welcome Ericom and its advanced, cloud-based security and zero trust products and technology to our family of enterprise wireless solutions," said George Mulhern, CEO of Cradlepoint and SVP of Ericsson's Enterprise Wireless Solutions group. "We can now deliver a comprehensive SD-WAN and SASE solution for Wireless WAN and private cellular networking, leveraging 5G while addressing the wireline needs of enterprise customers."

About Cradlepoint

Cradlepoint enables the freedom to connect people, places, and things that drive more experiences, more ways to work, and better business results — anywhere. The company is a pioneer in Wireless WAN, offering advanced 4G and 5G routers and adapters — controlled through Cradlepoint NetCloud™. Enterprise businesses and public sector agencies rely on Cradlepoint and its Cellular Intelligence to build a reliable, secure network wherever they need it, connecting fixed and temporary sites, vehicles, IoT devices, and remote employees. Headquartered in Boise, Idaho, Cradlepoint is a wholly owned subsidiary of Ericsson (NASDAQ:ERIC) and part of their Business Area Enterprise Wireless Solutions. It has international offices in Asia Pacific, Canada, Europe, India, and Latin America. www.cradlepoint.com

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