To strengthen its IoT positioning, Arrow Electronics, Inc. has signed a definitive agreement to acquire eInfochips. Arrow is optimistic as eInfochips works at every phase of technology deployment, including developing custom hardware and software and new IoT-based business models.

Acquisition will enable Arrow expand its IoT “sensor-to-sunset” platform by adding engineering, solution architecture, embedded software development, security, mobile device connectivity, app development, cloud configuration and management, and managed services including big-data analytics.

The transaction expected to close this month will expand Arrows IoT strategy and offerings, and rapidly grow their IoT services market. “As a result, we will deliver complex and connected IoT solutions and technologies across multiple cloud platforms. This acquisition adds over 1,500 IoT solution architects, engineers, and software development resources to Arrow’s already leading position in IoT design services,” said Michael J. Long, chairman, president, and chief executive officer of Arrow. “

Connecting eInfochips’ IoT capabilities and engineers to Arrows eDesign platform will substantially augment the scale of eInfochips’ services, delivered via digital tools, to Arrow’s 125,000 customers.   Read more…

Syeda Beenish

LEAVE A REPLY

Please enter your comment!
Please enter your name here