It seems Analog Devices have cued clear intentions for Industry 4.0 and digital transformation –inking its second successful acquisitions under a month, the American semiconductor heavyweight has reportedly bought the Cyber Security Solutions (CSS) business of Sypris Electronics.
The acquisition is sought to demonstrate a significant leap forward in ADI’s ability to deliver secure high-performance analog solutions demanded by current and future market needs.
Though the true-value of the deal were not disclosed, the strategic acquisition is known to enhance ADI’s aerospace and defense capabilities in the area of secure radio communications, bolsters its portfolio of system hardware and software-based cryptographic technologies, and adds a cybersecurity software and services business that supports our ability to offer more comprehensive high-performance analog solutions across multiple market segments such as Internet of Things (IoT), industrial, automotive, and more.
Citing on the acquisition, Dick Meaney, ADI Senior Vice President, Industrial, Healthcare and Consumer Group said, “We are delighted to add the experience, expertise, and technologies of the CSS team to the ADI family. With this acquisition, we have accelerated our ability to offer our customers trust ‘from the sensor to the cloud’ through next-generation cyber-physical security solutions. The competencies and offerings of the CSS business are a great complement to our Internet of Things (IoT) solutions, as security increasingly becomes paramount to the success of IoT implementations.”
The CSS team will remain in its current locales of Tampa, Florida and West Lafayette, Indiana and form the core of ADI’s new Secure Technology Group (STG), to be led by John Walsh, former president of Sypris Electronics, LLC.
“The CSS team is very proud to become part of Analog Devices,” said Walsh. “The combination of ADI and the CSS business provides the unique opportunity to ‘change the game’ in security at the cyber-physical layer. The integration of our technologies and core competencies will allow us to enable greater trust in the underpinnings of our more and more connected world.”
The CSS business of Sypris Electronics brings more than 50 years of strong track-record on delivering high-assurance information security services to the world’s most demanding customers, including military and government organizations.