Arm, a Cambridge, UK-based computing company, acquired Treasure Data, a Mountain View, CA-based enterprise data management company.
The amount of the deal was not disclosed.
Treasure Data provides an enterprise data management solution to aggregate and translate massive volumes of scattered and siloed data. The company’s technology deals with data from any source – CRM, ecommerce systems, edge, IoT devices, and any third-party data – to give customers the ability to derive meaningful and actionable insights from any disparate data mix.
The technologies from Treasure Data, as well as the ones coming from the acquisition of Stream and Arm Mbed Cloud will be combined to form an end-to-end IoT connectivity, device and data management platform.
Given this, the new Arm Pelion IoT Platform will enable organizations to create actionable insights from IoT, enterprise and third-party data. Designed to work on public and private clouds, on-premises and in hybrid environments, the platform delivers a combined partner ecosystem of 140+ partners spanning silicon, mobile, network operators (MNOs), channel, technology providers and more. It currently serves 300+ customers.
FinSMEs
06/08/2018