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

Stocks in this article: ALU

NantMobile’s mobile recognition technology – covered by 50 issued patents – enables consumers to browse the physical world (the iDBrowser) and unlock digital content, to discover, interact, and transact with brands like never before. Via NantMobile’s technology, print, products, television, and music come to life on the mobile device, providing the user with uniquely engaging experiences, content, coupons, offers and more.

With this acquisition, Shay Hilel, head of Alcatel-Lucent’s Digital Multimedia Solutions business unit, will assume the title of Executive Vice President of the iD NantMobile Enterprise Division. Fellow DMS management members are likewise expected to assume key roles throughout NantWorks. At NantWorks, the DMS will explore new markets beyond communication service providers (CSP) to fulfill its broader potential, spanning multiple industries, sectors, and spaces ranging from sports to entertainment to mobile retail to the delivery of advanced healthcare.

"We’re incredibly honored to contribute all the assets, insights, and expertise our team bears to push Dr. Soon-Shiong’s vision of an interconnected world, forward,” said Hilel. “We’ll work side-by-side with NantWorks to introduce new, exciting ways for audiences to engage with their favorite brands, music, TV, and activities on the one hand, and to enable every patient to securely access their medical and financial data on the other hand.”

One of Hilel’s first announcements reveals that the acquired research and development center in Haifa, Israel will now become one of NantWorks’ largest R&D centers companywide. The Haifa facility will draw on a talent stream of leading engineers and engineering students from the nearby Matam – the largest and oldest-dedicated hi-tech park in Israel – and adjacent Technion – a world renowned science and engineering research university.

“The acquired Alcatel-Lucent’s DMS product portfolio, wide-ranging customer base, and – above all – the talented team responsible for connecting the two, all cohere with NantWorks’ over-arching mission to connect the world in previously impossible ways throughout health, media, and entertainment arenas,” said NantWorks Founding CEO Dr. Soon-Shiong. “We’ll rely on the team’s formidable, highly-prized DMS unit not just to align with NantWorks’ strategic ambitions, but to drive our pursuit of them.”

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