LONDON Ė Atmel Corp., a vendor of microcontrollers and touch technology, is buying Ozmo Inc., a provider of low-power Wi-Fi for an undisclosed amount of money.
Atmel said it will the use the technology that comes with Ozmo to help it address wireless applications and in particular devices targeted at the Internet of Things (IoT).
Ozmo (Palo Alto, Calif.) trades as Ozmo Devices and was founded in 2004 as H-Stream Wireless in by co-founders Kateljin Vleugels and Roel Peeters. Ozmo has worked on wireless personal area network technology and its low power ICs are suitable for connecting fixed and portable peripheral equipment with Wi-Fi platforms. Ozmo raised more than $30 million in venture capital from: Intel Capital, Granite Ventures, Tallwood Ventures and Atlantic Bridge Ventures.
The overall wireless peripheral market is expected to reach about 1 billion units in 2015 with Wi-Fi Direct as the fastest growing segment, Atmel said in a statement.
"This acquisition accelerates Atmel's strategy to provide complete solutions for products that will make possible The Internet of Things," said Steve Laub, CEO of Atmel, in a statement. "As a leader in the Wi-Fi Direct segment, Ozmo's solutions are well positioned in this rapidly growing market."
The transaction is expected to close by the end of 2013.
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