PR Newswire's Business Technology Round-up, 20 December 2012
LONDON, December 20, 2012 /PRNewswire via COMTEX/ --
Atmel and ARRIS make key acquisitions, whilst Social Wellness reveals stellar results
Atmel Corporation, the manufacturer of radio frequency components, has announced its formal acquisition of Wi-Fi solutions company Ozmo, Inc. The move cements its place as a market leading provider of wireless technology.
The two companies completed the deal earlier today, with Ozmo's proprietary technologies helping to bolster Atmel's already wide ranging patent portfolio, putting it in an envious position when compared to its rivals. Ozmo have been developing an ultra-low power Wi-Fi solution in recent months, and these developments are the ones thought to be the driving force behind the deal.
Atmel will now have the sufficient technology to accelerate its much awaited entry into the consumer electronics supply chain. Ozmo's innovations are currently used in all manner of low-energy products, such as digital thermostats and headsets. According to Atmel CEO Steve Laub, the company looks forward "to supporting Ozmo's existing customers, expanding sales of their Wi-Fi Direct products...and integrating their IP".
ARRIS, a global provider of communications technology and all-purpose broadband services, has finalised a deal with communications giant Motorola. ARRIS will have complete control over the Motorola's "Home Business".
The deal will see ARRIS pay Google-owned Motorola Mobility around $2.35 billion in a mixture of cash and stock, with investors praising the new owners for conducting the sale on a debt free basis. Google is set to receive around 15% of ARRIS' total shares as part of the deal.
ARRIS will now have the technology and assets to provide a one of a kind end-to-end broadband video solution, boosting its product offering whilst also improving its patent holding position. The acquisition is expected to see the company's total revenue reach around $4.7 billion, as well as 500 customers in 70 countries.
Hubbub Health, an innovative developer of unique social networking communities with a healthy lifestyle focus, has revealed the stellar success of its Social Wellness Platform, which now boasts 12,000 users across the US.
The latest results demonstrate a rapid expansion in the website's fortunes over the past 12 months, on a site which aims to improve the health of US citizens through innovative social gaming technologies. Users can access the platform through their browser or by downloading the bespoke iOS app, although there is a paid version for business owners who wish to assess the health of their employees.
Hubbub has already helped thousands to improve their health, with users boasting of weight loss, cholesterol reduction and lower blood pressure.
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