Israeli Edge Cloud application developer Qwilt makes deal with Cisco.
Allergan Aesthetics, a unit of medical research company AbbVie, has acquired Israeli medical company Luminera for an undisclosed amount. At the same time Israeli telecommunications firm Qwilt has entered into a collaboration with one of the world’s communications giants, Cisco.
Allergan Aesthetics will acquire Luminera’s full dermal filler portfolio and R&D pipeline further enhancing Allergan Aesthetics’ leading dermal filler portfolio with its JUVÉDERM® collection of fillers.
Luminera Derm is a manufacturer of injectable medical devices in the aesthetic medicine field. So think of things like Botox that people use to mask the aging process.
“The addition of the Luminera assets adds innovative technology, complementing our leading JUVÉDERM® filler franchise. We welcome the Luminera team as we continue to build our global aesthetics company and a world-class product offering for healthcare professionals and patients around the world,” said Carrie Strom, SVP, AbbVie, and President, Global Allergan Aesthetics.
JUST IN: Allergan Aesthetics, an AbbVie company has acquired Luminera. Get the latest on how this will enhance #aesthetics medicine for healthcare professionals and patients around the world: https://t.co/yqswrWd6xI pic.twitter.com/As6kG4WLnp
— AbbVie (@abbvie) October 7, 2020
Luminera Chairman Dadi Segal, PhD, added, “We believe bringing together key, innovative Luminera assets with the support of Allergan Aesthetics will provide an even brighter future for our people, products and a more expanded offering for our customers. This is a tremendous opportunity to further build, develop and collaborate with a leading global aesthetics company.”
Meanwhile Cisco and Qwilt, together with Digital Alpha (DA) are teaming up to offer a new commercial Content Delivery Network as-a-service offering based on Open Caching, with BT as the flagship customer. CDN deals with speed and quality of live streaming.
The companies boast that they are offering the highest-quality streaming experience across an entire network; can support an open architecture endorsed by the Streaming Video Alliance; help to drive new revenue by becoming an active part of the content delivery value chain; reduce content delivery costs by deploying CDN capabilities inside its network; eliminate deployment costs using the innovative capex-free model.
“Following this announcement, a massive part of all the video streaming in the world will be operating on systems that we developed and the quality of service will improve as a result.” ~ Alon Maor, CEO & Co-founder, Qwilt https://t.co/rxhnvo7Jo2 #streaming #QoE #OTT
— Qwilt (@qwilt) October 8, 2020
“Streaming video may be the killer app for the internet, but it doesn’t have to KILL the internet,” said Jonathan Davidson, Senior Vice President and General Manager, Mass Scale Infrastructure Group, Cisco. “With streaming video expected to represent north of 80% of traffic flowing through service provider networks in the coming years, content delivery is the first of potentially many services they can deploy from within to monetize their edge footprint in the 5G era. Marking this milestone together with Qwilt and Digital Alpha to enable edge cloud services for service providers, we can change the economics of the internet for the future, partnering with customers like BT to help them manage video traffic more effectively.”
“The way we consume video has changed, and content delivery must change with it,” said Alon Maor, CEO and Co-founder of Qwilt. “Our shared vision is to help service providers enable Open Caching in their networks and leverage edge computing as a fundamental component of their architecture. Together, we are helping many customers such as BT to accelerate their digital transformation in the UK and establish a content delivery platform that will serve as a foundation for today’s applications and new experiences coming in the future.”