SoftBank-owned ARM all set to buy Treasure Data

Arm Holdings, a British chip-design subsidiary of Masayoshi Son-owned SoftBank Group, is all set to buy California-headquartered data management technology company for $600 million.

Arm Holding, which has offices in Bengaluru and Noida, was purchased by Softbank in 2016 for $32 billion and currently has a net income of ¥‎ 31.79 ‎billion‎ in 2017.

According to industry analyst, ARM’s biggest deal was for Artisan Components Inc. in 2004 for $705.9 million. In June it announced the acquisition of Stream Technologies, a Glasgow-based company that improves connectivity for internet of things devices.

"The Cambridgeshire-headquartered company's primary business is in the design of ARM processors (CPUs).The company also designs software development tools under the DS-5, RealView and Keil brands. SoftBank aims to step up competition in the IoT space against other global tech giant," said an analyst.

Treasure Data, founded by Japanese engineers, received funding from Yahoo co-founder and investor Jerry Yang and Bill Tai, a noted venture capitalist.

The company helps in the efficient management of large amounts of data generated continuously from consumer web-browsing histories, corporate ads and sales promotion and even readings from sensors attached to various devices.

Neither ARM official nor Treasure Data didn’t immediately respond to requests for comments.