Automotive user interface software provider Rightware has been acquired by smart device platform technology provider Thundersoft, the company said.
The deal is worth EUR64 million and is expected to be closed in early 2017.
The arrangement supports the continued development of both companies – by creating a growth platform to help secure the top position in the rapidly expanding automotive software industry, while creating more complete solutions for customers.
Rightware will remain an independent company with its current management and continued investments in the automotive business and Finland.
Rightware was founded in 2009, and the company´s flagship product, Kanzi, is used by over 20 global automotive brands. Kanzi enables the creation of digital instrument clusters and infotainment systems that enhance automotive brands and the overall driving experience.
Thundersoft, founded in 2008 and listed on the Shenzhen Stock Exchange, provides operating system technology and services globally for the mobile, automotive and IoT markets.
Rightware is the market leader in advanced user interface technology, serving the automotive industry and other embedded industries with its Kanzi software product family for rapid user interface design and deployment. Featured on Deloitte´s “Fast 50” list of most rapidly growing tech companies in 2015, Rightware is headquartered in Helsinki, Finland with a presence in Silicon Valley, Detroit, Seoul, Tokyo, Shanghai, London and Munich.
Headquartered in Beijing and listed on the Shenzhen Stock Exchange (300496.SZ), Thundersoft provides mobile operating system and smart device solutions.