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ARM buys Treasure Data, creates Pelion IoT Platform

ARM has confirmed that it is acquiring Treasure Data, after a leak revealed its plans a few days early. ARM isn’t discussing the price, but the reports pegged it as $600mn, and ARM is now the owner of an established enterprise-focused data management specialist – and plans to expand its combined offering, attempting to make it much stickier. There’s also something of a rebrand happening. ARM will be combining its recently acquired Stream Technologies assets with Treasure Data’s portfolio, and then integrating these new pieces inside ARM’s Mbed Cloud platform. The goal is an “end-to-end IoT connectivity, device, and data management platform.” This will be called the Pelion IoT Platform, with Stream handling the connectivity (via its IoT-X platform), Mbed…

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