Avnet to Acquire Witekio, Enhancing End-to-End IoT Strategy with Deep Embedded Software Expertise
Avnet, Inc. (AVT)
Last avnet, inc. earnings: 4/27 04:05 pm
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Source: Business Wire
Acquisition strengthens software and IoT capabilities at device level PHOENIX--(BUSINESS WIRE)--Leading global technology solutions provider Avnet (Nasdaq: AVT) has signed an agreement to acquire Witekio (formerly known as Adeneo Embedded). Witekio is a privately held company with expertise in software and embedded systems that helps developers overcome the technical challenges and complexity of developing Internet of Things (IoT) solutions.Today’s announcement furthers Avnet’s end-to-end IoT strategy by adding more capabilities and expertise in embedded software, edge computing and security, specifically from hardware to the cloud. This acquisition also underscores Avnet’s commitment to helping companies reduce the time, cost and complexities of successfully bringing IoT products to market.The addition of Witekio to the Avnet ecosystem follows the company’s acquisition of Softweb Solutions, another software company, in December 2018. Witekio develops software for every layer from
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News
- Avnet to Report Third Quarter Fiscal Year 2024 Earnings on May 1Business Wire
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- Avnet to Participate in the Raymond James Institutional Investors Conference on March 4Business Wire
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AVT
Earnings
- 1/31/24 - Beat
AVT
Sec Filings
- 4/2/24 - Form 4
- 3/21/24 - Form 4
- 3/21/24 - Form 4
- AVT's page on the SEC website