Silicon Labs Acquires Zentri, Innovative Wi-Fi Company
Jan 30 2017
Silicon Labs announced on Monday that it had acquired Zentri Inc., an IoT company dedicated to innovating low-power, cloud-connected Wi-Fi technologies that allow IoT developers to focus on their products without worrying about connectivity issues.
Zentri, through a combination of modules, imbedded/cloud-based software, APIs and tools, allows IoT developers to achieve secure end node products in mere weeks.
Silicon Labs, founded 1996, is a global mixed-signal semiconductor company involved in the voice and data, automotive/consumer, Internet infrastructure, and IoT markets. Zentri had raised a total of $3.4M in 2 Rounds since their founding in 2014.
The acquisition represents an effort by Silicon Labs to expand its reach in the growing IoT market – the combination of Zentri’s Wi-Fi systems and Silicon Labs’ will allow the company to deliver “comprehensive, multiprotocol silicon and software solutions to securely connect IoT products to the cloud. Zentri's Wi-Fi expertise, software and tools will extend our multiprotocol connectivity portfolio to a wider range of power-sensitive IoT end node applications," said CEO Tyson Tuttle.
+ Zentri was featured by Gartner, Inc. in its 2016 report “Cool Vendors in IoT ‘Thingification’.”
+ In the past two years, Silicon Labs has acquired 4 separate IoT connectivity companies: Zentri, Micrium, Telegesis, and Bluegiga Technologies.
+ In mid-2016 it appeared that Buddy, an IoT Platform company, intended to acquire Zentri but the deal was not closed, allowing Silicon Labs to make the acquisition.