Smart Edge uses edge computing to make data move faster in 5G devices.
Intel said it would buy Smart Edge, a software that helps split up data and store it closer to users to make computing devices respond faster.
According to Pivot's securities filings, Smart Edge did not generate significant revenue in the first six months of 2019, but made a loss of about $1 million before depreciation and amortization. Pivot, which has a market value of about $43 million, was issued a U.S. patent on Smart Edge's technology in July.
In 5G networks, more data will be stored on computers scattered near cell towers and other network gear. Storing the data there, a practice called "edge computing" in the industry, is expected to help large files like videos show up more quickly on users' screens than if they were stored in centralized data centers.
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