Leading global technology solutions provider Avnet Inc. (NYSE: AVT), Phoenix, has signed an agreement to acquire Witekio (formerly known as Adeneo Embedded), a privately held company with expertise in software and embedded systems that helps developers overcome the technical challenges and complexity of developing IoT solutions. Terms of the transaction were not disclosed.
The transaction 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. This acquisition also underscores Avnet’s commitment to helping companies reduce the time, cost and complexities of successfully bringing IoT products to market.
“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 of 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.”