AirHop Announces Organizational Changes to Support Global Growth

SAN DIEGO--(BUSINESS WIRE)--AirHop Communications, the leading provider of Open RAN (Radio Access Network) Automation and Optimization software for 4G and 5G networks, has announced key organizational changes to support its continued growth objectives. Anand Parikh has been appointed as the new Chief Executive Officer (CEO) of AirHop, effective immediately. Yan Hui, the company's Founder and current CEO, will take on the roles of Executive Chairman and Chief Technology Officer (CTO) and will continue to guide the Company’s technical vision. Joe Thome has been elevated to the position of Chief Operating Officer (COO), and Bijan Golkar has been promoted to Vice President of Engineering.

These changes will facilitate AirHop’s increasing commercial deployments and revenue growth in 2024 and beyond. The Company’s solutions are already deployed commercially across more than 1.5 million macro and small cells. The Company has established a broad partner ecosystem that includes HPE, IBM, Juniper, Rakuten Symphony and VMware. AirHop's focused commitment to building a portfolio of AI-powered intelligent RAN optimization Apps and accelerating deployment readiness of Open RAN is garnering growing acknowledgment in the market. AirHop was selected by {Core Analysis} as the # 1 App specialist company in its latest RAN Intelligence Leaders report. AirHop's leadership in Open RAN Apps is exemplified in its recent Proof-of-Concept (PoC) trial with Deutsche Telekom highlighting end-to-end demonstration of multiple AirHop rApps across multiple RAN Intelligent Controller (RIC) platforms and RAN systems.

“RAN Automation will play a crucial role in Operator deployment of 5G networks in upcoming years,” said Stéphan Téral of TÉRAL RESEARCH. According to findings in their October 2023 "RAN Automation: SON, RIC, and SMO" research report, the RIC and xApp/rApp market will see a significant increase in investment from Operators with a projected compound annual growth rate (CAGR) of 89% from 2024 to 2028.

Commenting on these developments, Anand Parikh emphasized AirHop's success in cultivating a market-leading AI-powered Open RAN App portfolio and technology platform and a robust partner ecosystem, supported by a strong core team and a focused strategy. Parikh sees a unique and exciting opportunity for AirHop as a market leader with significant Tier 1 Operator adoption on the horizon.

Anand, formerly VP of Strategic Partnerships at AirHop, is an entrepreneurial leader with over 35 years of success in high-tech companies.

About AirHop Communications

AirHop Communications is a leading provider of cloud-native AI-powered Open RAN automation and real-time optimization software solutions that deliver significant gains in spectral efficiency, lower operating costs and improved end-user quality of experience for 4G and 5G mobile networks. AirHop’s solutions are backed by a comprehensive portfolio of patents and are deployed across more than one and a half million commercial macro and small cells in CSP networks. For more information, please visit www.airhopcomm.com.