This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

NantWorks and Alcatel-Lucent Enter Definitive Agreement For Acquisition Of Alcatel-Lucent’s Digital Multimedia Solutions Business

Alcatel-Lucent (NYSE: ALU) and Dr. Patrick Soon-Shiong’s convergence-focused NantWorks, LLC, today announced a definitive agreement by which NantWorks will acquire Alcatel-Lucent’s Digital Multimedia Solutions product business unit. The financial terms of the deal have not been disclosed.

The Digital Multimedia Solutions (DMS) unit’s telco-proven portfolio, which is based on its complementary discovery, interactive media and monetization platforms, along with its long international reach, experienced team and spirit, is currently accelerating into spaces as diverse as advance television, new media, digital advertising, retailing services, and health. It will serve as a springboard to launch all NantWorks mobile-based health and image recognition mobile solutions further and faster.

NantWorks sets out to change the human experience – to truly improve the well-being of humanity – by enhancing ways in which we live, work, and play. NantHealth is committed to the interests of patients who face life-threatening illness and chronic disease; NantMobile is committed to providing enriched day-to-day enjoyment, utility, and wellness to consumers. Both NantHealth and NantMobile are NantWorks subsidiaries.

NantHealth has built the first fully integrated intelligent Clinical Operating System (iCOS). This operating system enables wireless connectivity of vital signs from medical devices to directly populate the medical record and is the first cloud-based, bidirectional health record system integrating data as standard as heart rates, to as complex as 3D MRI and CT scans, to as compute intensive as Whole Genome and Proteome analysis. iCOS integrates the nation's largest deployed cancer decision support tool (EVITI) and ensures that the patient receives the right care at the right time and at the right place.

"Imagine the power of a supercomputer in the palm of your hands... for both patient and provider. With the rigorous robustness and proven scalability of the Alcatel-Lucent platform, we now have the capability to work with our teleco partners to provide the most advanced, sophisticated, 21st century health care directly to the patient on a global basis. The USA is still the world's most advanced in terms of breakthroughs in medical science. Now, through the DMS platform, we can make this advanced knowledge available to everyone on every corner of the planet," said Dr. Soon-Shiong.

Stock quotes in this article: ALU 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs