ARM Holdings, one of the UK’s biggest technology success stories, is buying a US-based data analytics start-up as part of a major expansion into Internet of Things (IoT) devices.
According to a report on Bloomberg, the deal – which values Treasure Data at about $600m (£456m) – has been struck although there has been no formal confirmation as yet.
ARM Holdings was founded in 1990 in Cambridge, and was one of the first companies to supply processors used in small computers. Since then it has expanded and now operates in China, India, Japan, South Korea, Taiwan, as well as across Europe and the US. It is owned by SoftBank Group,.
Treasure Data was founded in 2011 and has had funding of $54.1m (£41m); in its last round of funding in late 2016 the company raised $25m (£19m).
The company claims its analytics software enables companies to gain a single customer view across their marketing technology stack.
In June, ARM acquired Stream Technologies, a connectivity management technology provider, which it is claimed maintains more than 770,000 managed subscribers to its IoT device management network.
No-one at ARM was available for comment on the new deal.
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