Market Overview

Atmel to Acquire Ozmo

Atmel Corporation (NASDAQ: ATML) today announced that it has entered into a definitive agreement to acquire Ozmo, Inc. ("Ozmo"), a leading provider of ultra-low power Wi-Fi solutions that will expand Atmel's wireless offerings and further enhance developers ability to design smart, connected devices, including devices targeted to "The Internet of Things."

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Adding to Atmel's broad wireless portfolio, Ozmo brings innovative "Wi-Fi Direct" certified technologies that will accelerate seamless communication and connectivity across wireless personal area networks (WPANs). Designed for consumer electronics products requiring smaller form factors and longer battery life, including gaming peripherals, HD audio speakers, portable audio headsets, digital thermostats, appliances and CE remotes, Ozmo's Wi-Fi products and technology offer developers ultra-low power, cost-effective solutions for connecting fixed and portable peripheral devices with Wi-Fi platforms.

"This acquisition accelerates Atmel's strategy to provide complete solutions for products that will make possible The Internet of Things," said Steve Laub, Atmel's President and CEO. "As a leader in the Wi-Fi Direct segment, Ozmo's solutions are well positioned in this rapidly growing market.

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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