Avnet acquires Witekio to boost IoT offering
September 26, 2019
Phoenix-based electronics distributor Avnet is to acquire Witekio, formerly known as Adeneo Embedded, a privately held company with expertise in software and embedded systems that help developers overcome the technical challenges of developing IoT products and services.
The 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 bringing IoT products to market.
The addition of French firm Witekio to the Avnet ecosystem follows the company’s acquisition of Softweb, another software company, in December 2018. Witekio develops software for every layer from devices to the cloud, and Softweb develops cloud-based software to connect, manage and analyse data. Witekio’s user-centric technology includes connected hardware, device architectures and applications that complement Softweb’s offerings.
“The combination of Witekio’s embedded software and design expertise with Avnet’s already robust technology ecosystem further strengthens our overall strategy, which is unparalleled in the market today,” said Pete Bartolotta, president of business transformation at Avnet. “With Witekio’s expertise, we can more rapidly deliver complete hardware, software, cloud and middleware that deliver insights based on the customer’s specific business case.”
Witekio has approximately 120 employees in France, USA, UK and Germany. The team is comprised of business transformation consultants, user experience designers, system architects and software experts who have worked with many Fortune 500 companies across vertical markets including medical and healthcare, automotive and navigation, handheld and mobility, industrial and energy, and smart connected objects.
“We’re aligned with Avnet in our approach to IoT as well as our company cultures,” said Yannick Chammings, founder of Witekio. “We completely embrace Avnet’s strategy to build vertical and scalable platforms that can quicken time to market and reduce financial investment while still offering a high level of customisation to all players that want to tackle IoT opportunities. We’re excited to become part of Avnet and further accelerate IoT adoption.”
The transaction is subject to prior regulatory approval and is expected to close before the end of 2019. Terms of the agreement were not disclosed.