SoftBank-owned ARM set to buy US-based Treasure Data

Components manufactured by ARM Holdings Plc sit inside a demonstration ARMmbed parking meter on display on the second day of Mobile World Congress (MWC) in Barcelona, Spain, on Tuesday, Feb. 28, 2017. Photographer: Pau Barrena/Bloomberg

ARM Holdings Plc, the British computer-chip designer owned by SoftBank Group Corp., has agreed to buy U.S.-based data analytics firm Treasure Data Inc., people familiar with the matter said.

Treasure Data may fetch about $600 million in the sale, the people said, asking not to be identified because the deal isn’t yet public. A spokesman for ARM declined to comment. A representative for Treasure Data didn’t immediately respond to requests for comment.

The acquisition is part of ARM’s push into the Internet of things. In June it announced the acquisition of Stream Technologies, a Glasgow-based company that improves connectivity for internet of things devices.

SoftBank, which bought Cambridge, England-based ARM in 2016 for $32 billion, is interested in investing in artificial intelligence, driverless cars, the Internet-of-things, robotics and ride sharing, Chief Executive Officer Masayoshi Son has said. The company has announced about $34 billion in deals in the last year, according to data compiled by Bloomberg, and is investing in technology companies through its nearly $100 billion Vision Fund.

Treasure Data raised $25 million in late 2016, and is backed by investors including Sierra Ventures and SBI, a former subsidiary of SoftBank.

Mountain View, California-based Treasure Data develops products to help companies analyze data for marketing and other purposes, such as dealing with a surge in data from a product launch or unifying information from sensors, according to its website. Its products are used by the automotive, retail, Internet-of-things and entertainment industries, and the company said its customer-data platform can help users compete with “data giants like Netflix, Amazon and Facebook.”

Bloomberg

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.