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Arm to Spend $600 Million to Widen IoT Ecosystem Offer
Processor IP vendor Arm is reported to be finalizing an agreement to acquire Mountain View, Calif.-based data analytics firm Treasure Data for $600 million. This follows its acquisition in June of Stream Technologies, a unified connectivity management platform for IoT devices, and its investment in San Jose-based SWIM.ai.
The latest acquisition news is from people close to the deal, according to Bloomberg. We contacted Arm for a comment and will update this story if we receive a response. Arm is expected to make a “major IoT announcement” on Aug. 7, according to its spokesperson, so this acquisition sounds like it could form the basis of the company’s play into a wider IoT ecosystem offering.
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