|Arrow Accelerates IoT Leadership Position with eInfochips Acquisition|
Unites IoT Development Services with Technology Products
eInfochips works with global Fortune 1000 companies at every phase of technology deployment, including developing custom hardware and software and new IoT-based business models.
eInfochips will expand Arrow’s IoT “sensor-to-sunset” platform by adding engineering, solution architecture, embedded software development, security, mobile device connectivity, app development, cloud configuration and management, and managed services including big-data analytics.
“Upon close of this acquisition, eInfochips advances our IoT strategy,
expands our offerings, and moves us into the rapidly growing IoT
services market. As a result, we will deliver complex and connected IoT
solutions and technologies across multiple cloud platforms,” said
“Arrow has redefined design engineering with our industry-leading
eDesign digital platform. Customers now collaborate on Arrow.com with
hundreds of online-enabled engineers. Our engineers help customers with
online reference designs, cloud-based design tools, and our eDesign
eInfochips is headquartered in
The transaction is expected to close this month.
The Private Securities Litigation Reform Act of 1995 provides a “safe
harbor” for forward-looking statements. This press release includes
forward-looking statements that are subject to numerous assumptions,
risks and uncertainties that could cause actual results or facts to
differ materially from such statements for a variety of reasons,
including, but not limited to: our ability to expand our capabilities
and offerings; our ability to deliver more and enhanced solutions; our
ability to retain eInfochips’ employees; our ability to maintain and
grow eInfochips’ sales and profits; and the other risks described from
time to time in the company’s reports to the
Arrow Electronics, Inc.
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