Creative Chips has been acquired by Dialog Semiconductor for $80mn, but the financial data paints another bleak picture for IoT valuations. With an expected revenue of $20mn, Dialog is paying just four-times the revenue for the company, which it expects to also enjoy 25% growth in the next year. This is the latest example in what appears to be an ongoing trend. In February, connected building platform Buddy acquired smart lighting firm LIFX for $51mn, which had revenues of $25mn, giving a 2.04x multiple. In March, MSA Safety acquired worker safety technology and IIoT specialist Sierra Monitor Corporation for $33mn, or around 1.5x revenue. In April, CalAmp bought Synovia Solutions’ fleet management expertise for $50mn, which reported annual revenues of…