Anaren Divests its IoT Group to newly-formed Atmosphere IoT Corp.
East Syracuse, New York and Minneapolis, Minn. | January 23, 2018
Anaren, Inc. and Atmosphere IoT Corp. today 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 January 2nd, 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.”
Anaren, Inc. designs, manufactures and sells custom high frequency solutions and standard components for the wireless communications, space and defense electronics, and wireless consumer electronics industries. More information can be found on the company’s website: www.anaren.com.
About Atmosphere IoT
Previously a part of Anaren, Inc., Atmosphere IoT offers the fastest and simplest way to create, deploy, and manage complete device-to-cloud solutions. First released in January 2015, its innovative cloud platform has been used by thousands of developers and OEMs to build and deploy wireless-enabled connected product solutions. For more information, visit www.atmosphereiot.com