Company:Adesto Technologies

From HandWiki
Adesto Technologies Corporation
TypePublic
NASDAQ: IOTS
Industry
Founded2006; 18 years ago (2006)
HeadquartersSanta Clara, California , United States
Area served
Worldwide
Key people
Products
RevenueIncrease US$ 83.49 million (2018)
Decrease US$ -11.26 million (2018)
Decrease US$ -21.44 million (2018)
Total assetsIncrease US$ 137.19 million (2018)
Total equityIncrease US$ 62.74 million (2018)
Number of employees
265[1]
ParentDialog Semiconductor

Adesto Technologies is an American corporation founded in 2006 and based in Santa Clara, California.[2] The company provides application-specific semiconductors and embedded systems for the Internet of Things (IoT),[3][4] and sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) that manufacture products for its end customers.[5][6] In 2020, Adesto was bought by Dialog Semiconductor.[7]

History

Adesto Technologies was founded by Narbeh Derhacobian, Shane Hollmer, and Ishai Naveh in 2006.[8][9] Derhacobian formerly served in senior technical and managerial roles at AMD, Virage Logic, and Cswitch Corporations.[2] The company developed a non-volatile memory based on the movement of copper ions in a programmable metallization cell technology licensed from Axon Technologies Corp., a spinoff of Arizona State University.[10][11]

In October 2010, Adesto acquired intellectual property and patents related to Conductive Bridging Random Access Memory (CBRAM) technology from Qimonda AG, and their first CBRAM product began production in 2011.[12]

In 2015, the company held an initial public offering under the symbol IOTS, which entered the market at $5 per share. Underwriters included Needham & Company, Oppenheimer & Co. Inc., and Roth Capital Partners.[13][14] The entire offering was valued at $28.75 million.[14]

Between May and September 2018, Adesto completed two acquisitions of S3 Semiconductors and Echelon Corporation. In May, the company acquired S3 Semiconductors, a provider of analog and mixed-signal ASICs and Intellectual Property (IP) cores.[3] In June, the company announced its intention to buy Echelon Corporation, a home and industrial automation company, for $45 million.[14] The acquisition was completed three months later.[15] The company's offerings were expanded to include ASICs and IP from S3 Semiconductors and embedded systems from Echelon Corporation, in addition to its original non-volatile memory (NVM) products.[citation needed]

In 2020, Adesto was acquired by Dialog Semiconductor, a company headquartered in Reading, United Kingdom, for $500 million.[7]

References

  1. ↑ "Adesto Technologies Corporation (IOTS) Company Profile & Facts" (in en-US). https://finance.yahoo.com/quote/IOTS/profile/. 
  2. ↑ 2.0 2.1 "Company Overview of Adesto Technologies Corporation". July 26, 2018. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=34277996. 
  3. ↑ 3.0 3.1 "Adesto buys Dublin-based S3 Semiconductor" (in en). EETE Analog. 2018-05-10. http://www.eenewsanalog.com/news/adesto-buys-dublin-based-s3-semiconductor. 
  4. ↑ "Adesto Buys Echelon in Industrial Internet of Things Play". 2018-07-06. https://www.sourcetoday.com/manufacturer-news/adesto-buys-echelon-industrial-internet-things-play. 
  5. ↑ Clarke, Peter (July 15, 2014). "EE Times Silicon 60: Hot Startups to Watch". https://www.eetimes.com/document.asp?doc_id=1323068. 
  6. ↑ Tilley, Aaron. "Adesto Is Making Low-Power Memory Chips For The Tiny Computers That Go Into Everything" (in en). Forbes. https://www.forbes.com/sites/aarontilley/2014/11/10/adesto-low-power-memory/#5437f1a02cef. 
  7. ↑ 7.0 7.1 Dahad, Nitin (24 February 2020). "Dialog to Acquire Adesto for $500M to Access IIoT Market". https://www.eetimes.com/dialog-to-acquire-adesto-for-500m-to-access-iiot-market/. 
  8. ↑ Schubarth, Cromwell (October 27, 2015). "Sunnyvale chipmaker raises just $25M in first of 2 Silicon Valley IPOs expected this week". https://www.bizjournals.com/sanjose/blog/techflash/2015/10/sunnyvale-chipmaker-raises-just-25m-in-first-of-2.html. 
  9. ↑ "Adesto Technologies Corp (IOTS.PH)". 10 December 2018. https://www.reuters.com/finance/stocks/company-officers/IOTS.PH. 
  10. ↑ "Axon Technologies Corp. Announces Infineon as New Licensee of Programmable Metallization Cell Nonvolatile Memory Technology". https://www.design-reuse.com/news/8739/axon-infineon-licensee-programmable-metallization-cell-nonvolatile-memory-technology.html. 
  11. ↑ "ASU technology spinoff licenses new memory technology - Full Circle" (in en-US). Full Circle. 2004-10-06. https://fullcircle.asu.edu/faculty/asu-technology-spinoff-licenses-new-memory-technology/. 
  12. ↑ "The Linley Group - Adesto Targets IoT Using CBRAM" (in en). http://www.linleygroup.com/newsletters/newsletter_detail.php?num=5476. 
  13. ↑ "ADESTO TECHNOLOGIES CORPORATION". https://www.nasdaq.com/markets/ipos/filing.ashx?filingid=10910472. 
  14. ↑ 14.0 14.1 14.2 Lange, Chris. "Adesto Technologies Quietly Enters the Market With IPO" (in en). https://247wallst.com/technology-3/2015/10/27/adesto-technologies-quietly-enters-the-market-with-ipo/. 
  15. ↑ "Company Overview of Echelon Corporation". 12 December 2018. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=27868. 

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