STMicroelectronics has acquired software-development tools specialist, Atollic, for a cash payment of $7 million, funded with available cash, and a deferred earn-out contingent on certain conditions, which STMicroelectronics currently estimates will be about $1 million.
Atollic is the supplier of TrueSTUDIO, a professionally-recognized and highly regarded Integrated Development Environment (IDE) for the embedded development community focussing on Arm Cortex-M microcontrollers, like ST’s market-leading STM32 family of 32-bit microcontrollers (MCUs).
“The outstanding quality and depth of the STM32 MCU portfolio and its easy-to-use development ecosystem has positioned ST as a leader in embedded systems,” said Michel Buffa, Microcontroller Division General Manager, STMicroelectronics. “That position, and working closely with Atollic for many years as a top Gold Partner, has shown us the professional features and value. TrueSTUDIO has delivered to demanding developers and will soon give STM32 developers a major competitive advantage with the availability of the STM32 TrueSTUDIO IDE for free.”
A top supplier of 32-bit MCUs with a powerful hardware and software ecosystem that accelerates and facilitates application development, STMicroelectronics sees the addition of TrueSTUDIO as further strengthening that offering. Created by an established team of dedicated software tools experts, TrueSTUDIO is recognized as an open-source Eclipse-based IDE platform and already supports the STM32 family of Cortex-M based MCUs from ST. The acquisition will allow ST to guide the future evolution of the rich and advanced features of TrueSTUDIO with the STM32 ecosystem to a fully integrated software solution.
“As a leading software development tools vendor on the global market, I am delighted to see our tool and highly skilled professional team joining STMicroelectronics, a world leader in the 32-bit microcontroller market,” said Lars-Erik Stenkil, Atollic CEO.
Tags: STMicroelectronics buys Atollic, STMicroelectronics, TrueSTUDIO, STM32 MCU, Michel Buffa stmicroelectronics, varindia, Lars Erik Stenkil Atollic CEO
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