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Rethink IoT News ATW 233: Around The Web Roundup

// M&A, Strategies, Alliances // Arena Solutions acquires Omnify Software, a provider of PLM software for device manufacturers, to incorporate into Arena’s electronics and medical device PaaS. Nokia has joined the Avanci licensing group, set up by Qualcomm and Ericsson back in 2016, bringing the number of participants up to 20. IBM is acquiring Red Hat for $34bn, paying a 61% premium on the share price, to snap up the open source cloud specialist, which has annual revenues of $3bn. Hitachi has sold its Clarion automotive navigation division to Faurecia, and OEM that is 46% owned by Peugeot. At $1.3bn, it’s a 10.5% premium on closing price. Intel has announced record quarterly results, hitting $19.2bn in revenue, with data center…

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