Arm acquires Treasure Data, a data management platform for large enterprise customers. The financial details of the transactions aren’t disclosed as of yet.
The acquisition with Treasure Data will further strengthen Arm’s IoT nascent play, given that Treasure Data’s specialty is dealing with the large streams of data that these systems produce (as well as data from CRM, e-commerce systems, and other third-party services).
Earlier, Arm has also announced the acquisition of Stream and the company has called the recent Treasure Data acquisition as “the final piece” of its “IoT enablement puzzle.”
Further, Arm has also introduced the Arm Pelion IoT Platform, which combines Stream, Treasure Data, and the existing Arm Mbed Cloud into a single solution for connecting and managing IoT devices and the data they produce.
Arm said “Treasure Data will continue to operate as before and continue to serve new clients as well as its existing users. “It will remain an important part of industry IoT enablement, providing the ability to harness new, complex edge and device data within a comprehensive customer profile to personalize their products and improve their experiences.”
Further info on the Pelion IoT Platform, Click here