Chip design major Arm snaps up Glasgow firm

Chip developer Arm has acquired Glasgow-based Stream Technologies for an undisclosed sum as it looks to provide improved connectivity for internet of things (IOT) devices.

Arm said the Scottish firm’s technology combined with its device management platform would provide organisations with a “robust” and “scalable” system for managing, connecting and updating devices.

Founded in 2000, Stream maintains more than 770,000 managed subscribers and two terabytes of average traffic per day.

Arm said its vision of a trillion connected devices by 2035 was driven by many factors, including the opportunity for companies to derive “real business value” from IOT data. It added: “The benefits of leveraging this data are often obvious. Embracing these benefits ultimately comes down to ensuring the data is trusted, secure and quickly accessible to provide meaningful insights.”