Intel buys Smart Edge platform from Canada-based Pivot Technology Solutions for $27M

Oct 17 16:10 2019 Print This Article

In the latest move to expand its edge computing business, Intel Corp. has agreed to purchase Smart Edge computing platform, an indirect subsidiary of Pivot, for US$27 million on Oct. 15.

Smart Edge is a virtualized mobile smart edge (MEC) computing platform that provides services to enterprises and businesses at the edge. The technology enables services including personalized ads, digital signage, VR and AR, and product information. It can be linked with various IoT devices to provide data analytics.

The platform can also create caching points to quickly deliver information with lower latency. Decentralizing data delivery across many nodes across the network is faster than delivering data from large, centralized data centres.

By scooping up Pivot’s Smart Edge, Intel is looking to further expand into the 5G market, where IoT and edge computing is expected to boom. In its press release, the company said that it’s expecting the 5G silicon addressable market to reach $65 billion by 2023.

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