by Angela Guess

According to a new press release, “Arrow Electronics, Inc. announced today that it has signed a definitive agreement to acquire eInfochips, one of the world’s largest design and managed services companies. 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.”

Michael J. Long — chairman, president, and chief executive officer of Arrow — commented, “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… This acquisition adds over 1,500 IoT solution architects, engineers, and software development resources to Arrow’s already leading position in IoT design services.”

The release adds, “eInfochips is headquartered in San Jose, Calif., with locations in India and Europe, and 1,500 employees globally. eInfochips’ breadth of capabilities spans chip design, to product and IoT solution delivery, and across many industries, from retail and consumer, to industrial automation, healthcare, and aerospace.”

Read more at Business Wire.

Photo credit: Arrow