Anaren Divests IoT Group to Newly Formed Atmosphere IoT Corp.
EAST SYRACUSE, NY — Anaren Inc. and Atmosphere IoT Corp. jointly announced the divestiture of key assets and agreements of Anaren’s IoT Group to its management team, which recently formed Atmosphere IoT Corp.
Terms of the deal, which closed Jan. 2, were not disclosed. The divestiture is being made as part of the previously announced sale of Anaren Inc. to TTM Technologies for $775 million.
Former Anaren IoT Group President Jeff Liebl and Senior Engineer Kieron Gillespie now serve as president and CEO, and CTO, respectively, of Atmosphere IoT Corp.
“We are very excited about the market opportunity right in front of us,” says Jeff Liebl, president and CEO of Atmosphere IoT Corp. “With our proven cloud software platform and core development team intact, we can devote our efforts to serving the mass market of global developers and OEMs seeking to create the next generation of wireless-enabled, cloud-connected products and solutions.”
“This is an excellent outcome for everyone, including our IoT-related customers,” said Larry Sala, president and CEO of Anaren. “We wish the IoT Group team the very best as they take the Atmosphere software platform to the next level.”
For more information, visit www.atmosphereiot.com.