Arrow Electronics steps up IoT focus with eInfochips acquisition

Arrow Electronics steps up IoT focus with eInfochips acquisition

Global electronics component distributer Arrow Electronics has acquired product engineering and software services company eInfochips for a reported $ 284 million.

EInfochips has headquarters in both San Jose, California and Ahmedebad, India and was founded by Intel chip designer Pratul Shroff in 1994 to offer high-tech design services such as chip design. The value of its purchase by Arrow Electronics has not been officially disclosed, but India’s Economic Times reported it as being Rs 1,800 crore, or around $ 284 million. The deal is expected to close in late January.

Arrow’s decision to acquire eInfochips signals that IoT will continue to be a big focus for the company in 2018. In a statement, Michael Long, Arrow’s CEO, president and chairman, said that the purchase will advance the company’s IoT strategy, expand its offerings and help it move into what he called “a growing IoT services market.”

He added that the acquisition will add over 1,500 IoT solution architects, engineers and software development resources to Arrow’s “already leading position in IoT design services”.

Read more: Arrow Electronics expands Hong Kong IoT lab

Complementary portfolios

Certainly, eInfochips’ track record in designing chips for IoT products will be a boost for Arrow. The acquired company has customers across the retail, industrial automation, healthcare and aerospace industries, while Arrow already has its own IoT portfolio, ‘Sensor to Sunset’, providing smart device makers with the sensors, wireless connectivity, gateways, analytics and security technologies they need to build their products.

Now, Arrow will be able to add eInfochips’ tools around engineering, embedded software development, mobile device connectivity and security and app development into its repertoire.

“Arrow has redefined design engineering with our industry-leading eDesign digital platform. Customers now collaborate on Arrow.com with hundreds of online-enabled engineers. Our engineers help customers with online reference designs, cloud-based design tools, and our eDesign platform,” said Matt Anderson, chief digital officer of Arrow. “Connecting eInfochips’ IoT capabilities and engineers to our eDesign platform will substantially augment the scale of eInfochips’ services, delivered via digital tools, to Arrow’s 125,000 customers.”

Pratul Shroff of eInfochips said that he was “proud” that the acquisition had brought a $ 23.8 billion revenue Fortune 118 corporation to Ahmedabad, Gujarat, where many of the company’s staff are based. “This acquisition is also a testament to our engineering execution, expertise in connected devices and connecting them to the cloud, and the trust that our clients place in us. We are excited to join forces with Arrow to further add value to our clients across the world,” he said.

Read more: Thin film batteries set for solid (state) growth

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Arrow announces acquisition of eInfochips

To strengthen its IoT positioning, Arrow Electronics, Inc. has signed a definitive agreement to acquire eInfochips. Arrow is optimistic as eInfochips works at every phase of technology deployment, including developing custom hardware and software and new IoT-based business models.

Acquisition will enable Arrow expand its IoT “sensor-to-sunset” platform by adding engineering, solution architecture, embedded software development, security, mobile device connectivity, app development, cloud configuration and management, and managed services including big-data analytics.

The transaction expected to close this month will expand Arrows IoT strategy and offerings, and rapidly grow their IoT services market. “As a result, we will deliver complex and connected IoT solutions and technologies across multiple cloud platforms. This acquisition adds over 1,500 IoT solution architects, engineers, and software development resources to Arrow’s already leading position in IoT design services,” said Michael J. Long, chairman, president, and chief executive officer of Arrow. “

Connecting eInfochips’ IoT capabilities and engineers to Arrows eDesign platform will substantially augment the scale of eInfochips’ services, delivered via digital tools, to Arrow’s 125,000 customers.   Read more…

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Arrow acquires eInfochips to further its IoT leadership position

Arrow Electronics has announced that it has signed a definitive agreement to acquire California-based product engineering and software R&D services firm eInfochips.

eInfochips specialises in IoT-based business models. Arrow expects to further its IoT platform through the acquisition. Arrow’s IoT “sensor-to-sunset” platform will receive a boost from eInfochips’ efforts that include adding engineering, solution architecture, embedded software development, security, mobile device connectivity, app development, cloud configuration and management, and managed services including big-data analytics.

Michael J. Long, chairman, president, and chief executive officer of Arrow, said: “We will deliver complex and connected IoT solutions and technologies across multiple cloud platforms. This acquisition adds over 1,500 IoT solution architects, engineers, and software development resources to Arrow’s already leading position in IoT design services.”

Matt Anderson, chief digital officer of Arrow, said: “Arrow has redefined design engineering with our industry-leading eDesign digital platform. Customers now collaborate on Arrow.com with hundreds of online-enabled engineers. Our engineers help customers with online reference designs, cloud-based design tools, and our eDesign platform. Connecting eInfochips’ IoT capabilities and engineers to our eDesign platform will substantially augment the scale of eInfochips’ services, delivered via digital tools, to Arrow’s 125,000 customers.”

Arrow had in July teamed up with IBM to integrate IBM's Watson IoT platform and IBM Cloud services into Arrow's ideation-to-production services to gain advantage from the growing IoT market in Asia Pacific. Arrow offered the IBM Watson IoT platform via IBM Cloud, giving them access to more than 160 industry-leading cloud services to incorporate ready-to-use capabilities, such as artificial intelligence (AI), blockchain, advanced data analytics and cyber security into their latest IoT inventions to the customers in Asia Pacific.

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Arrow Electronics and ON Semiconductor join forces for IoT Solutions

Accelerating the move to a smarter and more connected world, Arrow Electronics and ON Semiconductor to exhibit together range of IoT solutions at the India IoT Symposium. The wide range of solutions spans automotive, energy, retail and more.

Arrow strives to help companies quickly bring a broad range of connected IoT products to market. As part of the joint initiative, Arrow will look at ON Semiconductor’s out-of-the-box solutions that enable design engineers to evaluate, prototype, and release differentiated IoT products. Arrow’s sensor-to-sunset IoT portfolio includes a comprehensive range of hardware components and sensors, development platforms, software tools system integration, data analytics and cloud data platforms.     For more…

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Pitney Bowes and Arrow Electronics team up for public sector IoT play

At a time when public sector authorities globally are facing challenges to make smarter infrastructure, Pitney Bowes and Arrow Electronics have teamed up to help them in the task with the help of Internet of Things (IoT).

As part of an agreement signed by the two companies, they will help public authorities in gathering, processing and analysing data collected through IoT devices to enhance physical infrastructure efficiencies.

The collaboration will introduce to the market a new solution that will help Pitney’s Confirm Intelligent Infrastructure Management solution and the Arrow Connect platform to promptly, efficiently and securely process and analyse IoT-generated data collected via Arrow’s broad spectrum of infrastructure sensors. In addition, the collaboration will help organisations in connecting their traffic-flow monitoring systems into the Arrow Connect platform to expose issues or abnormalities related to traffic speed.

Mark Taylor, SVP of software channels at Pitney Bowes, said: “Arrow’s IoT capability spans design, build and device management across purpose-built IoT solutions and employs some of the best engineers in the world for connected technologies. This collaboration with Arrow allows Pitney Bowes to offer a more robust, IoT-ready infrastructure management solution on a global scale.”

Aiden Mitchell, VP of global IoT solutions at Arrow Electronics, said: “The Pitney Bowes Confirm Intelligent Infrastructure Management solution already services 45% of the UK road network and 140 million citizens worldwide. Pitney Bowes has a proven track record in Infrastructure Management and our partnership will bring scale to their ability to collect and process IoT data and turn it into real insight. Our alliance will create a pathway for our clients to create a truly smarter world to live in.”

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