Glasgow tech company acquired by semiconductor giant

Glasgow-based Stream Technologies has been bought by chip design company ARM  to provide improved connectivity for internet of things (IoT) devices for an undisclosed sum.

Stream was founded on 2000 and is a connectivity management technology provider which maintains more than 770,000 managed subscribers and 2TB average traffic per day.

Stream provides companies with a build once, deploy anywhere supply chain where any IoT device can be deployed, find a network, self-authenticate, automatically provision and connect to the lowest cost channel, removing the need to interface with multiple systems and develop several business contracts.

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