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Telit Braces its End-to-End IoT Solutions, To Acquire GainSpan

IoT Solutions

Telit Acquisition of GainSpan to Tap the Growing Market of Battery-powered Devices that Rely on Wi-Fi and Other Low-power Technologies

Telit has inked a strategic acquisition agreement with Silicon Valley-based GainSpan Corporation (“GainSpan”).

GainSpan is a wireless connectivity solution provider that specializes in the design and development of ultra-low power Wi-Fi technology.

The new business addition positions Telit to expand its complete end-to-end IoT solutions portfolio and address the growing market of battery-powered devices that rely on Wi-Fi and other low-power technologies.

GainSpan manufactures and commercializes chips and modules for battery-powered devices and related intellectual property (IP) with embedded software, including network stacks and application reference designs.

The company is known to have over 90 employees, mostly R&D and application and support engineers, spread across an R&D center in Bangalore, India and San Jose, California.

Citing on the deal, Oozi Cats, CEO of Telit, said, “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. With few exceptions, the ability to cut the power cord is an essential growth engine for all these branches of the IoT.”

GainSpan products are situated at the intersection of several emerging segments in IoT such as healthcare, building management, cold-chain logistics, and a wide range of commercial and industrial application areas.

“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.”

Assets from GainSpan align well with existing Telit products including cellular, BT/BLE, GNSS modules; IoT connectivity and platform services, strengthening the company’s “sensor-to-cloud” solution proposition.

The integration of the unique variety of low-power Wi-Fi technology from GainSpan, with low standby current and fast wake-up time into the Telit portfolio enables customers to extend the battery life of their devices for years.

GainSpan IP also offloads Wi-Fi services and networking functionality from the application. Customer devices can be designed with a simple and inexpensive MCU or without one at all.

The true-value of the deal were not disclosed

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