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.

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.”

Alcatel-Lucent’s Digital Multimedia Solutions business has evolved out of the company’s 2006 acquisition of the Israeli startup Mobilitec. This is the same team who envisioned the Apps on mobile devices reality in 2000, and its products and services will continue to be developed in a continuing spirit, of innovation, commitment to the digital lifestyle, and accountability to its loyal customers.

About NantWorks

NantWorks, LLC, founded by renowned scientist and surgeon, Dr. Patrick Soon-Shiong, is the umbrella organization for the following entities: NantHealth, NantMobile, NantOmics, NantBioPharma, NantCloud and NantCapital.

The core mission of NantWorks is convergence: to develop and deliver a diverse range of technologies that empowers the digital revolution of the 21st century.

NantHealth accelerates innovation, broadens the scope of scientific discovery, enhances groundbreaking research, and improves healthcare treatment for those in need. NantHealth ( www.Nanthealth.com) is building an integrated fact-based, genomically informed, personalized approach to the delivery of care and the development of next generation diagnostics and therapeutics.

NantMobile has developed and deployed a mobile browser of the physical world. Its proprietary recognition engine will transform the world-wide-web to the web enabled world. For more information visit www.NantMobile.com.

Copyright Business Wire 2010