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.
formatting link