Verizon Cascades Cash Into Casa Systems' MEC Model [telecom]

By Dan Meyer

Verizon took an investment stake in cloud-native core platform vendor Casa Systems, which further propels and diversifies the telecom giant's wide-ranging mobile edge computing (MEC) plans.

The $40 million investment garners Verizon a 9.9% ownership stake in Andover, Maryland-based Casa Systems. The purchase price was at a 9% premium over Casa Systems' closing price of $3.89 at the end of last week. That investment does not get Verizon a seat on Casa Systems board, though former Verizon executive Dan Mead is a member of that group.

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