Swissbit Aquires Hyperstone to Jointly Develop New Products for Embedded IoT and Security Solutions
December 17, 2020
Swissbit and Hyperstone, specialist supplier of flash memory controllers, set to jointly develop new products for embedded IoT and security solutions.
Swissbit announced the acquisition of Hyperstone, a supplier of flash memory controllers, from CML Microsystems Plc. Through the investment Swissbit plans to strengthen its position as an independent European manufacturer of memory and security products.
The joint development projects will focus on solutions in the growth market for security and embedded IoT. The two companies will work together to meet the growing demands from customers for data and device security for IoT with suitable products.
Per the company, Hyperstone will also benefit from Swissbit's system and market experience in these future markets for the development of its controllers. At the same time both companies will continue to support and expand their respective customer and partner networks for storage solutions as independent organizations and brands. The transaction is still subject to approval by the relevant authorities.
Hyperstone's existing management team around Managing Director Dr. Jan Peter Berns will invest in the group as part of the transaction and will hold a minority stake in the future.
According to the company, customers can depend on a suitable partner with supply chain control over its security products, from the design and development of products and modules, and the integration of applicable security components such as Secure Elements, NAND flash memory, and controllers, through to secure production. With the acquisition of Hyperstone, Swissbit is positioned to implement its long-term growth strategy and to offer IoT and security solutions to reliably protect data and devices in networked systems.