Nokia said on Wednesday it had bought the world's largest application programming interface (API) hub and marketplace from U.S. company Rapid as it seeks to boost revenues from its 5G and 4G networks.

Nokia Corporation NOK recently announced that it has completed the acquisition of Rapid’s API technology assets for an undisclosed amount. Rapid’s industry-leading API technology includes the world's largest application programming interface (API) hub,

Nokia, once the world's biggest mobile phone company but now mainly provider of infrastructure and services to telecoms carriers, has made an acquisition in its bid to be a bridge between the worlds of tech and telecoms: it's acquiring Rapid,

This acquisition aligns with Nokia's strategy to expand its network API product road map. Credit: Mercurious/Shutterstock. Finnish technology giant Nokia has acquired Rapid's technology assets, including its API hub, to bolster its network API solutions.