Rightware, the leading provider of automotive user interface software and Tesis’ portfolio company since 2013 has been acquired by Thundersoft, the world’s leading provider of operating systems and smart device platform technology.
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. The deal is worth 64 million Euros (471M RMB; 68M USD).
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. The arrangement advances Rightware to the next chapter in its growth and strengthens its presence in the global automotive software and connected car market. Rightware currently employs around 50 professionals and has a 12-month plan to recruit 20 new experts, approximately half of which are expected to be recruited in Finland.
“Rightware has grown by offering solutions that benefit their automotive industry customers in the fast changing markets. I would like to thank everyone at Rightware for great co-operation and wish the company all the best for the future”, says Investment Director Jussi Hattula from Tesi.
Jussi Hattula, Investment Director, Tesi
+358 40 066 9955, email@example.com
Read more: Thundersoft’s acquisition of Rightware strengthens their leading positions in the fast-growing market for connected car software (press release 19 December 2016)
Rightware pictures: http://www.rightware.com/kanzi
Thundersoft fact sheet: http://www.rightware.com/wp-content/uploads/2016/12/Thundersoft_fact-sheet.pdf
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. www.rightware.com
Headquartered in Beijing and listed on the Shenzhen Stock Exchange (300496.SZ), Thundersoft is a world-leading provider of mobile operating system and smart device solutions. The company delivers solutions and services to markets (including smartphone, tablet, IoT, automotive and enterprise markets) with full-stack engineering resources covering software and hardware. Thundersoft offers expertise in operating systems (Android, Linux, Windows and others), a broad software and algorithm technology portfolio, strategic partnerships with key semiconductor vendors and its global support network. These assets make Thundersoft a valuable and trusted partner for worldwide customers aiming to build innovative and high-quality smart devices that can be launched into the market after short development times. Thundersoft has seven R&D centres in China, with a global presence in Japan, South Korea and the U.S. Learn more at www.thundersoft.com
Thundersoft is a registered trademark of Thunder Software Technology Co., Ltd. in China and elsewhere.
Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that accelerates companies’ success stories by investing in them directly and via funds. Tesi always invests together with other investors, providing them with access to high quality deal flow in Finland. Our investments under management total 1 billion euros and we have altogether 723 companies in portfolio.