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Adesto Acquires Atmel's Serial Flash Group
Monday, October 1, 2012
Sunnyvale, California /BUSINESS WIRE/ – Adesto Technologies, a leading developer of next-generation non-volatile memory, has acquired Atmel’s Serial Flash product families, including the company’s AT45xxx “DataFlash®” and AT25xxx “BIOS Flash” product lines and associated patents. The acquisition also includes IP licensing to cover support of the products and future product development.
Adesto® intends to expand the Atmel product line offerings to serve the future requirements of existing customers while maintaining the same quality standards. With the acquisition, Adesto increases its non-volatile memory technology portfolio. The newly acquired products complement Adesto’s line of Conductive Bridging RAM (CBRAM®) devices for embedded applications, which began shipping earlier this year. Second generation CBRAM devices are planned to ship in 2013.
“Adesto’s acquisition of Atmel’s DataFlash® and BIOS Flash products marks a major turning point in the company’s plan to be a full line supplier of premium, non-volatile memory solutions,” said Narbeh Derhacobian, CEO of Adesto Technologies. “The industry and market is ready for a supplier that can deliver on today’s products and offer a roadmap for the next generation. Our roadmap includes higher density and higher performance devices with lower power and lower cost solutions based on an advanced memory technology that can scale with CMOS. Only Adesto offers this capability and customers will be the winners with this industry transformation.”