Silicon Labs completes Z-Wave acquisition

　　Silicon Labs has completed the acquisition of Sigma Designs’ Z-Wave business, including a team of approximately 100 employees, for $240 million in an all-cash transaction.

　　Z-Wave is a developer of mesh networking technology for the smart home and more than 2,400 certified, interoperable Z-Wave devices are now available from the Z-Wave Alliance, which comprises of more than 700 manufacturers and service providers around the world.

　　The combination of Z-Wave’s mesh technology and its focus on product interoperability with Silicon Labs’ multiprotocol expertise will give smart home developers access to a large, varied network of ecosystems and to a full range of end-node technology options. The strategic acquisition complements Silicon Labs’ comprehensive wireless hardware and software portfolio for the smart home, which includes Wi-Fi, Zigbee, Thread, Bluetooth and proprietary protocols.

　　“Adding Z-Wave to Silicon Labs’ extensive IoT connectivity portfolio allows us to deliver a unified vision for the wireless technologies underpinning the smart home market,” explained Tyson Tuttle, CEO of Silicon Labs. “A secure, interoperable customer experience is at the heart of how smart home products are designed, deployed and managed. Our smart home vision is one where multiple technologies work securely together, where any device using any of our connectivity options easily joins the home network, and where security updates and feature upgrades occur automatically.”

　　Commenting Raoul Wijgergangs, Vice President and General Manager of Z-Wave said, “Z-Wave is a proven, broadly deployed technology that just reached the milestone of 100 million devices in the market. The acquisition will drive collaboration and expand access to a diverse ecosystem network of partners including Amazon, Alarm.com, ADT, Samsung SmartThings, Yale, Vivint, Google Home and Comcast.”