ARM Holdings Group, a British-based computer chip designer owned by SoftBank has recently agreed to buy Treasure Data Inc, a US owned company and data analytics firm.
The purchase is expected to be a major one, with Treasure Data having a rough market valuation of over $600 million, this estimate comes from a group of experts who expressed the wish not to be identified, at least until the purchase of Treasure Data was achieved.
When approached for quotes, both the spokesman for ARM Holdings and Treasure Data were unavailable for comment. It's believed that the purchase of Treasure Data by ARM is part of a broader push towards creating an Internet of Things (IoT).
In conjunction with this, ARM announced back in June, that it was initiating the acquisition of Stream Technologies, the Glasgow-based firm directly involved in improving the connectivity for organizations using an Internet of Things.
The company behind this longer-term plan is SoftBank, which, in 2016, completed the purchase of the Cambridge (UK), based ARM for roughly $32 billion. Softbank has previously been highly interested in areas of research and technology such as Artificial Intelligence (AI), Driverless Cars, Internet of Things and robotics.
Masayoshi Son, the company's CEO has personally pieced together a long-term ambition of pursuing these areas of technology, investing $34 billion worth of acquisitions and purchases to achieve it. This amount is backed up by a further $100 billion coming from the company's Vision fund, according to research conducted by Bloomberg this year.
Previously, Treasure Data managed to raise more than $25 million in Late-2016, and was backed by the likes of Sierra Ventures and SBI, a former subsidiary of SoftBank.
Treasure Data, the California, US-based company was previously involved in the development of products used to help companies analyze data for purposes such as research and marketing. This also includes products for processing large volumes of data or unifying information from sensors.
Its products are used by the automotive, retail, Internet-of-things and entertainment industries. In a previous statement from the company, it believes that, by using its products, smaller companies can have access to roughly the same powers to process data as giant companies like Facebook or Netflix.
Should the purchase prove successful for ARM, it would be next to the single largest purchase made in the company's recorded history. Previously, ARM's largest recorded deal was in 2004, which included the purchase of Artisan Components Inc. for a total of $705.9 Million.