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Sigma buying mobile IoT ASIC/software developer for $22M

Nov. 10, 2015 4:57 PM ETSigma Designs, Inc. (SIGM) StockBy: Eric Jhonsa, SA News Editor1 Comment
  • Sigma Designs (OTC:SIGM) is buying Bretelon, a starting said to consist of "a purely R&D staff of highly qualified engineers focused on developing ASICs and software for mobile IoT applications," for $22M in cash.
  • Sigma, which already targets the home automation segment of the IoT space through its Z-Wave SoCs, modules, and firmware, says the purchase will help it "bring products to market in the fast growing mobile IoT space during calendar year 2016 and begin to ramp a new revenue stream in calendar year 2017." Bretelon will underpin a Sigma mobile IoT product line.

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