Silicon Labs acquires Ember for $72M for Internet of things

The over-a-decade-old company that makes the building blocks — chips, gear and software — for ZigBee-based wireless networks is finally being acquired. Austin-based chip company Silicon Labs announced on Monday that it has acquired Boston-based Ember for $72 million.

Ember was founded back in 2001 and backed by Ethernet inventor Bob Metcalfe, with the idea to help build a low power wireless standard and chip technology to create sensor networks and the Internet of Things. More recently ZigBee has gained traction as the dominant wireless tech for smart meters and home energy devices.

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Source: GigaOM Pro