Intel does the shopping in Italy and buy Yogitech, company Pisan IoT – Il Sole 24 Ore

History of the article

Close

This article was published April 5, 2016 at 16:48.
the last change is the April 5, 2016 at 17:47.

After that Amazon bought the company Asti Nice (we wrote it here), the American giants they return to spending in Italy. Intel buys Yogitech. It was the same company in Santa Clara (California) to give the news on the official blog. Operation – whose financial details were not disclosed – to catalog the development of the Internet of Things and Intel automotive. Yogitech, a subsidiary of Atlas Ventures (fund of Intesa Sanpaolo Group), its IoT deals. Today Intel announced to have acquired the property, following the acquisition, the Italian team joins the group, even if the new course roadmap is not yet clear.

The story of Yogitech leads us to Pisa, where he was born in 2000. Since then it has become a very well known to the circles specialized in the development of hardware and software solutions that enhance the security of electronic devices. Device present in environments where security is particularly important, such as automotive (then the braking systems, airbags and other electronic devices for safety). Yogitech has worked extensively on electronic systems for safety in industrial automation, rail and medical sectors, and over the years has developed a design methodology and a series of products are recognized around the world. For this, through this acquisition, Intel is confident to continue its advanced driver assistance systems, robotics and other Internet of Things systems that require high functional safety standards.

The headquarters Yogitech remains in San Giuliano Terme, in the province of Pisa. The company has two offices: Milan and Tokyo. Any new openings will now be decided by Intel. It should be remembered as the Tuscan company’s history has been decisive the support of Atlas Ventures, which invested in Yogitech in 2011, arriving in time to acquire a share of 47% of capital (which still sees the presence of other investors and management). It is no coincidence that since 2001 the Pisan company has nearly quintupled its turnover and tripled the number of employees / workers. Atlante Ventures Fund of the Intesa Sanpaolo group dedicated to Venture Capital. Its objective is to invest in the risk of even small innovative companies sized capital but high growth potential, with particular attention to those engaged in high-tech sectors. In essence, then, this fund of Intesa selects and invests in high-growth potential SMEs by providing the necessary capital for growth. He did it with Yogitech, which now ended up in the hands of Intel.

© ALL RIGHTS RESERVED

Permalink