Telit expands into short-range wireless by deciding to acquire GainSpan
Cellular wireless module vendor Telit strengthening its semiconductor capability in the wireless area by deciding to acquire wireless chipmaker GainSpan. GainSpan design and sell wireless chips and modules for battery-powered devices and related intellectual property (IP) with embedded software, including network stacks and application reference designs. With a staff strength of 90, GainSpan has research and development centers in Bengaluru, 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 of Telit. “With few exceptions, the ability to cut the power cord is an essential growth engine for all these branches of the IoT.”
GainSpan it's more into Wi-Fi and such short-range wireless technologies, which is increasingly used in IOT. Telit with its capability in cellular modules gains strength in short-range wireless such as Wi-Fi by acquiring GainSpan.
“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,” continued Oozi 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.”