PR Newswire's Business Technology Round-up, 20 December 2012
Poster: SySAdmin
Posted on December 20, 2012 at 9:14:01 AM
PR Newswire's Business Technology Round-up, 20 December 2012
LONDON, December 20, 2012 /PRNewswire/ --
Atmel and ARRIS make key acquisitions, whilst Social Wellness reveals stellar results
Atmel Corporation, the manufacturer of radio frequency components, has announced its
formal acquisition
[http://www.prnewswire.com/news-releases/atmel-establishes-strong-position-in-ultra-low-power-wi-fi-market-with-agreement-to-acquire-ozmo-inc-184188361.html ]
of Wi-Fi solutions
company Ozmo, Inc. The move cements its place as a market leading provider of wireless
technology.
The two companies completed the deal earlier today, with Ozmo's proprietary
technologies helping to bolster Atmel's already wide ranging patent portfolio, putting it
in an envious position when compared to its rivals. Ozmo have been developing an ultra-low
power Wi-Fi solution in recent months, and these developments are the ones thought to be
the driving force behind the deal.
Atmel will now have the sufficient technology to accelerate its much awaited entry
into the consumer electronics supply chain. Ozmo's innovations are currently used in all
manner of low-energy products, such as digital thermostats and headsets. According to
Atmel CEO Steve Laub, the company looks forward "to supporting Ozmo's existing customers,
expanding sales of their Wi-Fi Direct products...and integrating their IP".
ARRIS, a global provider of communications technology and all-purpose broadband
services, has finalised a deal with communications giant Motorola
[http://www.prnewswire.com/news-releases/arris-to-acquire-motorola-home-business-for-235-billion-in-cash-and-stock-184177951.html ]
. ARRIS will have complete control over the
Motorola's "Home Business".
The deal will see ARRIS pay Google-owned Motorola Mobility around $2.35 billion in a
mixture of cash and stock, with investors praising the new owners for conducting the sale
on a debt free basis. Google is set to receive around 15% of ARRIS' total shares as part
of the deal.
ARRIS will now have the technology and assets to provide a one of a kind end-to-end
broadband video solution, boosting its product offering whilst also improving its patent
holding position. The acquisition is expected to see the company's total revenue reach
around $4.7 billion, as well as 500 customers in 70 countries.
Hubbub Health, an innovative developer of unique social networking communities with a
healthy lifestyle focus, has revealed the stellar success of its Social Wellness Platform
[http://www.prnewswire.com/news-releases/social-wellness-platform-hits-nearly-12000-users-committed-to-better-health-184160871.html ]
, which now boasts 12,000 users across the US.
The latest results demonstrate a rapid expansion in the website's fortunes over the
past 12 months, on a site which aims to improve the health of US citizens through
innovative social gaming technologies. Users can access the platform through their browser
or by downloading the bespoke iOS app, although there is a paid version for business
owners who wish to assess the health of their employees.
Hubbub has already helped thousands to improve their health, with users boasting of
weight loss, cholesterol reduction and lower blood pressure.
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relations officers to leverage content to engage with all their key audiences. Having
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provides end-to-end solutions to produce, optimize and target content - from rich media to
online video to multimedia - and then distribute content and measure results across
traditional, digital, mobile and social channels. Combining the world's largest
multi-channel, multi-cultural content distribution and optimization network with
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is a UBM plc company.
PR Newswire
LONDON, December 20, 2012 /PRNewswire/ --
Atmel and ARRIS make key acquisitions, whilst Social Wellness reveals stellar results
Atmel Corporation, the manufacturer of radio frequency components, has announced its
formal acquisition
[http://www.prnewswire.com/news-releases/atmel-establishes-strong-position-in-ultra-low-power-wi-fi-market-with-agreement-to-acquire-ozmo-inc-184188361.html ]
of Wi-Fi solutions
company Ozmo, Inc. The move cements its place as a market leading provider of wireless
technology.
The two companies completed the deal earlier today, with Ozmo's proprietary
technologies helping to bolster Atmel's already wide ranging patent portfolio, putting it
in an envious position when compared to its rivals. Ozmo have been developing an ultra-low
power Wi-Fi solution in recent months, and these developments are the ones thought to be
the driving force behind the deal.
Atmel will now have the sufficient technology to accelerate its much awaited entry
into the consumer electronics supply chain. Ozmo's innovations are currently used in all
manner of low-energy products, such as digital thermostats and headsets. According to
Atmel CEO Steve Laub, the company looks forward "to supporting Ozmo's existing customers,
expanding sales of their Wi-Fi Direct products...and integrating their IP".
ARRIS, a global provider of communications technology and all-purpose broadband
services, has finalised a deal with communications giant Motorola
[http://www.prnewswire.com/news-releases/arris-to-acquire-motorola-home-business-for-235-billion-in-cash-and-stock-184177951.html ]
. ARRIS will have complete control over the
Motorola's "Home Business".
The deal will see ARRIS pay Google-owned Motorola Mobility around $2.35 billion in a
mixture of cash and stock, with investors praising the new owners for conducting the sale
on a debt free basis. Google is set to receive around 15% of ARRIS' total shares as part
of the deal.
ARRIS will now have the technology and assets to provide a one of a kind end-to-end
broadband video solution, boosting its product offering whilst also improving its patent
holding position. The acquisition is expected to see the company's total revenue reach
around $4.7 billion, as well as 500 customers in 70 countries.
Hubbub Health, an innovative developer of unique social networking communities with a
healthy lifestyle focus, has revealed the stellar success of its Social Wellness Platform
[http://www.prnewswire.com/news-releases/social-wellness-platform-hits-nearly-12000-users-committed-to-better-health-184160871.html ]
, which now boasts 12,000 users across the US.
The latest results demonstrate a rapid expansion in the website's fortunes over the
past 12 months, on a site which aims to improve the health of US citizens through
innovative social gaming technologies. Users can access the platform through their browser
or by downloading the bespoke iOS app, although there is a paid version for business
owners who wish to assess the health of their employees.
Hubbub has already helped thousands to improve their health, with users boasting of
weight loss, cholesterol reduction and lower blood pressure.
Follow PR Newswire on Twitter
Keep up-to-date with the latest sector-specific news headlines by following PR
Newswire's Twitter accounts:
Consumer [http://www.twitter.com/PRNECnsmr ]
Finance [http://www.twitter.com/PRNEFinance ]
Manufacturing [http://www.twitter.com/PRNEMfg ]
Sports [http://www.twitter.com/PRNESports ]
Business [http://www.twitter.com/PRNEBiz ]
Energy [http://www.twitter.com/PRNEEnergy ]
Health [http://www.twitter.com/PRNEHealth ]
Multi-cultural [http://www.twitter.com/PRNEMltcult ]
Technology [http://www.twitter.com/PRNETech ]
Business technology [http://www.twitter.com/PRNEBiztech ]
Environment [http://www.twitter.com/PRNEEnv ]
Media [http://www.twitter.com/PRNEMedia ]
Public policy [http://www.twitter.com/PRNEPolicy ]
Transport [http://www.twitter.com/PRNETrnsp ]
About PR Newswire
PR Newswire is the premier global provider of multimedia platforms that enable
marketers, corporate communicators, sustainability officers, public affairs and investor
relations officers to leverage content to engage with all their key audiences. Having
pioneered the commercial news distribution industry 58 years ago, PR Newswire today
provides end-to-end solutions to produce, optimize and target content - from rich media to
online video to multimedia - and then distribute content and measure results across
traditional, digital, mobile and social channels. Combining the world's largest
multi-channel, multi-cultural content distribution and optimization network with
comprehensive workflow tools and platforms, PR Newswire enables the world's enterprises to
engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients
from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and
is a UBM plc company.
PR Newswire