According to a recent release, technology solutions provider Avnet has signed an agreement to acquire Witekio (formerly known as Adeneo Embedded). Witekio is a privately held software and embedded systems company that helps developers overcome the technical challenges and complexity of developing Internet of Things (IoT) solutions.
The acquisition furthers Avnet’s end-to-end IoT strategy by adding more capabilities and expertise in embedded software, edge computing and security, specifically from hardware to the cloud, the company said.
The addition of Witekio to the Avnet ecosystem follows the company’s acquisition of Softweb Solutions, another software company, in December 2018.
“The combination of Witekio’s embedded software and design expertise with Avnet’s already robust technology ecosystem further strengthens our overall solutions strategy, which is unparalleled in the market today,” said Pete Bartolotta, President, Business Transformation, Avnet. “With Witekio’s expertise, we can more rapidly deliver a complete hardware, software, cloud and middleware solution that delivers insights based on the customer’s specific business case.”
Witekio is a global company with approximately 120 employees located in France, the United States, United Kingdom and Germany. The Witekio team is comprised of business transformation consultants, user experience (UX) designers, system architects and software experts.
“We’re aligned with Avnet in our approach to IoT solutions as well as our company cultures. We completely embrace Avnet’s strategy to build vertical and scalable platforms that can quicken time to market and reduce financial investment while still offering a high level of customization to all players that want to tackle IoT opportunities,” said Yannick Chammings, Founder, Witekio. “We’re excited to become part of Avnet and further accelerate IoT adoption.”
The transaction is subject to prior regulatory approval and is expected to close before the end of 2019. Terms of the agreement were not disclosed.