Arm buys IoT security firm Simulity for 12m Pounds

Arm has bought IoT security tech business Simulity Labs in a 12m pounds purchase from its private equity owner Foresight.

By Josh Brooks , Jul. 04, 2017 – 

Simulity provides embedded operating system software and related server systems for SIM cards and embedded SIMs ('eSIMs'), allowing Internet of Things (IoT) devices to securely connect to networks.

Foresight bought the business only last October for around 4m pounds- meaning a massive return on its investment in percentage terms.

Since then, Simulity has transitioned its business model towards software licensing, launched into the IoT market with its eSIM technology and increased staff numbers by a quarter with new international offices in South Africa and India to supplement existing offices in Northern Ireland and Wales.

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