+1-888-308-5802     
News Contact Us

UK-based chip design subsidiary all set to acquire Treasure Data Inc.

Author : Pankaj Singh | Published Date : 2018-07-31 

British computer chip designer ARM Holdings Plc has reportedly agreed to purchase the U.S. based Treasure Data Inc. The data analytics firm located in Mountain View, California might collect around $600 million in sale value, as per reliable sources who chose to remain anonymous citing the fact that the deal has not been made public yet.

The move comes on the heels of ARM, which is owned by SoftBank, looking to move into the Internet of Things (IoT) domain. Incidentally, ARM’s largest deal was in favor of Artisan Components Inc., in the 2004, which was valued at $705.9 million, as per the Deccan Herald. Along the lines of its current development ARM had also announced back in June the procurement of Glasgow-based Stream Technologies, a company working towards improving IoT devices’ connectivity.

SoftBank, back in 2016 acquired the Cambridge headquartered ARM for a sum of $32 billion. According to its Chief Executive Officer, Masayoshi Son, the firm planned the move amidst the backdrop of its growing interest in the fields of Artificial Intelligence, Internet of Things IoT, driverless vehicles, ride sharing and robotics.

For the record, Treasure Data, in the ending span of the year 2016 reportedly raised around $25 million & is supported by investors such as Sierra Ventures & SBI – a former SoftBank subsidiary.

Treasure Data works in developing products that aids companies to analyze data for marketing and other purposes like handling data surges that occur during product launch or integrating information coming from sensors.

Treasure Data products are used by a plethora of industries like retail, IoT, automotive, and entertainment. According to a company statement, its client data platform could help its users rival data giants like Facebook, Amazon and Netflix.

Despite the acquisition doing rounds of the tabloids, ARM declined to give a comment on the matter. One of the spokespersons of the Treasure Data did not respond either, when probed about the deal.

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

ByteDance could lose $6 billion following recent TikTok ban in India

Published Date: 2020-07-03         Author: Pankaj Singh

The latest decision taken by the Government of India to ban 59 Chinese smartphone apps is trending worldwide, especially across China. As per a report by China’s Global Times, ByteDance, the parent firm of Helo and TikTok, is likely to incur a loss of about $6 billion after this imposed ban by... Read More

Oyo suspends MGB contracts for property owners due to reduced revenues

Published Date: 2020-07-01         Author: Pankaj Singh

The adverse impact of COVID-19 pandemic is becoming more and more evident across the world. It is being speculated that  nothing of this magnitude has been observed for more than 100 years since the 1918 Spanish Flu pandemic. Till now, over ten million people have been infected in over 200 nati... Read More

Universal Studios postpones the opening of Nintendo-themed area

Published Date: 2020-06-30         Author: Pankaj Singh

The ongoing COVID-19 pandemic has claimed the lives of over half a million people and affected more than ten millions around the world. As the current situation is worsening, many world events as well as the opening of theme parks have been canceled or postponed in order to reduce the spread of the ... Read More

© 2020 Fractovia. All Rights Reserved