Telit, a global enabler of the Internet of Things (IoT), has announced that it will acquire Silicon Valley-based GainSpan Corporation, a wireless connectivity solution provider that specializes in the design and development of ultra-low power Wi-Fi technology. The company manufactures and commercializes chips and modules for battery-powered devices and related intellectual property (IP) with embedded software, including network stacks and application reference designs. GainSpan has more than 90 employees, mostly R&D and application and support engineers, spread across an R&D center in Bangalore, India and San Jose, California.
“As we enter an era of maturity for the IoT, we are starting to witness the appearance of spaces within it such as the Internet of Sensors, the Internet of Cars, and the Internet of Digital,” said Oozi Cats, CEO, Telit. “With few exceptions, the ability to cut the power cord is an essential growth engine for all these branches of the IoT.”
According to the September 2016 “IoT Forecasts” from Machina Research, by 2025 about 75 percent of the more than 27 billion IoT connections will be short range, which is largely comprised of the various types of Wi-Fi. Wi-Fi is a leading technology for applications within the IoT that are battery-dependent, due to the low-power consumption associated with the technology.
The new acquisition will position Telit to expand its IoT solutions portfolio and address the growing market of battery-powered devices that rely on Wi-Fi and other low-power technologies. GainSpan products are situated at the intersection of several emerging segments in IoT such as healthcare, building management, cold-chain logistics, and a wide range of commercial and industrial application areas. GainSpan’s customer base will leverage the company’s IP to deliver integration of Wi-Fi with low-power technologies.
“The acquisition of GainSpan brings to Telit a world-class portfolio and a proven track record of Wi-Fi and low-power module solutions trusted by tier-one customers,” added Cats. “Combined with our existing strength in delivering the most comprehensive, relevant portfolio of products and solutions for the IoT, this addition positions us well for future growth in our target segments, including security and surveillance, home automation, healthcare, asset management, and smart cities.”
On Tuesday, February 7, in Fort Lauderdale, Florida, Telit will host the Telit IoT Innovation summit at the IoT Evolution Expo. Join Telit to learn how the company is working with organizations, large and small, to help shorten time to market and ignite business transformation centered on IoT solutions. The event includes insightful keynotes and several breakout sessions organized under two tracks: Smart Solutions and Tools, Technologies and Resources.
Edited by
Stefania Viscusi