Lumine Group enters agreement to acquire Casa Systems assets

Lumine Group (LMGIF) announced that it has entered into an asset purchase agreement to acquire the Axyom Cloud Native 5G Core Software & RAN Assets from Casa Systems (CASA). Casa Systems intends to facilitate the sale of its businesses, including the Assets, through a Chapter 11 process. This will mark Lumine Group’s 14th corporate carve-out that it has completed and set up in the communications and media space. The Assets provide cloud native 5G network functions in the core and access networks. Solutions include Access & Mobility Management, Session Management, User Plane, Network Repository, and Network Slicing Functions, amongst others. Additionally, these solutions include 4G/5G Security Gateway and 4G/5G and Access Femto Small Cell Devices. Founded in 2003 in Andover, Massachusetts, today, Casa Systems solutions can be found in 70+ countries and 475+ customers across the globe, counting Verizon as its largest Wireless 5G software and Femto customer.