Telit said it will acquire Silicon Valley-based wireless connectivity solution provider GainSpan Corporation.
Financial details of the acquisition are not disclosed.
GainSpan specializes in the design and development of ultra-low power Wi-Fi technology. The company 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.
GainSpan has over 90 employees, mostly R&D and application and support engineers, spread across an R&D center in Bangalore, India and San Jose, California.
“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,” said Oozi Cats, CEO of Telit.
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 will extend the battery life of customers’ devices.
