Leading global technology distributor Avnet has signed an agreement to acquire Witekio (formerly known as Adeneo Embedded), a privately-held company with expertise in software and embedded systems for developing Internet of Things (IoT) solutions.
Terms of the agreement were not disclosed.
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 devices to the cloud, and Softweb develops cloud-based software to connect, manage and analyze 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 solutions strategy, which is unparalleled in the market today,” said Pete Bartolotta, President of Business Transformation, Avnet, in a statement. “With Witekio’s expertise, we can more rapidly deliver a complete hardware, software, cloud and middleware solution that delivers insights based on the customer’s specific business case.”
Witekio, which has 120 employees located in the U.S. and Europe, comprises business transformation consultants, user experience (UX) designers, system architects and software experts who have worked with many Fortune 500 companies across 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 solutions as well as our company cultures. 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 customization to all players that want to tackle IoT opportunities,” said Yannick Chammings, Founder, Witekio, in a statement. “We’re excited to become part of Avnet and further accelerate IoT adoption.”