|[October 31, 2013]
NantWorks and Alcatel-Lucent Enter Definitive Agreement for Acquisition of Alcatel-Lucent's Digital Multimedia Solutions Business
LOS ANGELES --(Business Wire)--
Alcatel-Lucent (News - Alert) (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
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 (News - Alert)) 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.
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
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.
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