IOT In Mind, Sony Acquires Altair For $212 Mn

sony_acquires_altairJapanese technology major Sony Corp. has announced acquiring Israeli LTE chipmaker firm Altair for $212 million or 25 billion Yen. The acquisition of Altair, Sony states, will bolster its foray into the internet of things or IOT space as more and more devices will be getting connected to each other and eventually to the internet in coming times.

The acquisition is expected to be closed by February 2016.

Altair develops 4G LTE grade chip and products around LTE technology that boast of consuming low power, more efficient and cost effective. Sony says it will improve its own sensing technologies such as GNSS or global navigation satellite system and image sensors and help Altair further develop its chip technology to combinedly build a new breed of cellular connected sensing devices.

With the markets for wearables and IOT devices continue to expand, Sony aims to deliver component devices having both sensing and communication capabilities, as well as new LTE solutions that leverage the strengths of these component devices.

Altair is based out of Israel and has subsidiaries based in the US, China and Taiwan. The company is headed by Oded Melamed and has 220 employees.

The company’s LTE chipsets can integrate IOT applications like smart metering, parking sensors, lighting, parking, wearbales, and other IOT enabled devices.

 

 

With the markets for wearable and IoT devices expected to continue to expand, Sony aims to deliver component devices that feature both sensing and communication capabilities, as well as new LTE solutions that leverage the strengths of these component devices

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