ARM, the leading semiconductor IP company, is reportedly buying the US-based data analytics firm Treasure Data for $600 million.
People familiar with the matter told Bloomberg on Sunday that the deal will help ARM to push its way in internet of things (IoT) market. The company recently acquired the connectivity management technology provider Stream Technologies, to integrate its Mbed IoT Device Management Platform with Stream’s software.
Japan’s Softbank bought ARM in 2016 for $31.4 billion. ARM is now one of the largest technology company in UK, which designs CPUs, system-on-chip infrastructure, and other software for devices.
On the other hand, the Treasure Data provides data analytics services to automotive, IoT, retail, and entertainment industries. The Treasure Data services help enterprises to analyze data for marketing and other purposes like dealing with data surge from a product launch, unify information from sensors, etc. It raised $25 million in late 2016.
Spokesman for ARM declined to comment, while Treasure Data representatives didn’t respond to requests for comment.
Bloomberg said that if ARM acquires the data analytics firm, it will one of the biggest acquisition in ARM’s history. The largest deal for ARM currently stands at $705 million— the Artisan acquisition in 2004.
ARM’s acquisition of Treasure Data will also be a step toward its vision of a trillion connected devices by 2035.