SAN JOSE, Calif.
Dec. 19, 2012
/PRNewswire/ -- Atmel
Corporation (NASDAQ: ATML), a leader in microcontroller and touch technology solutions, today announced that it has entered into a definitive agreement to acquire
("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."
Adding to Atmel's broad wireless portfolio, Ozmo brings innovative
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
, 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. We look forward to supporting Ozmo's existing customers, expanding sales of their Wi-Fi Direct products through Atmel's global sales channel and marketing network, and integrating their IP with existing Atmel microcontrollers to introduce even more compelling products."
According to market research data, the overall wireless peripheral market is expected to reach 1 billion units by 2015 with Wi-Fi Direct as the fastest growing segment at over 100% CAGR through 2015.
Atmel expects the transaction to close by year end and to be accretive to Atmel's earnings in 2014.
Atmel Corporation (Nasdaq: ATML) is a worldwide leader in the design and manufacture of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. Leveraging one of the industry's broadest intellectual property (IP) technology portfolios, Atmel is able to provide the electronics industry with complete system solutions focused on industrial, consumer, communications, computing and automotive markets.
© 2012 Atmel Corporation. All Rights Reserved. Atmel
, Atmel logo and combinations thereof and others are registered trademarks or trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.