Inc42 Daily Brief
Stay Ahead With Daily News & Analysis on India’s Tech & Startup Economy
The US-based global automotive cockpit electronics supplier, Visteon Corporation, has acquired Bangalore-based AllGo Embedded Systems, a leading developer of embedded multimedia system solutions to global vehicle manufacturers. The agreement is expected to close during the first quarter of 2016.
“The addition of AllGo’s assets and workforce will enable Visteon to accelerate the innovation and penetration of affordable automotive infotainment solutions,” said Sachin Lawande, President & CEO at Visteon.
Founded in 2005, AllGo Embedded Systems is an infotainment media playback supplier, which brings together Linux and Android engineering – Visteon Corp Acquires Automotive Multimedia Systems Supplier AllGo Embedded Systemsexpertise for automotive applications, including a comprehensive intellectual property (IP)-protected portfolio of in-vehicle-infotainment, media and connectivity solutions for the connected display audio market.
In simple terms, the company sells solutions to carmakers globally, giving them a software to be able to play songs, videos and other multimedia content within a car
Srinivasan, Director & CEO at AllGo Systems said, “Visteon wanted access to our technology as we bring capabilities of mobile applications to the car with it. We are one of the two companies in the world that can do this today.”
As for Visteon Corp, it is a global company that designs, engineers and manufactures innovative cockpit electronics products and connected car solutions for most of the world’s major vehicle manufacturers. The company has about 11,000 employees at 50 facilities in 19 countries. It had $3.1 Bn in electronics sales over the last 12 months.
“AllGo’s ready-to-use IP provides automotive manufacturers with a turnkey software-on-chip (SoC) solution to cost-effectively introduce smartphone and mobile applications from the vehicle’s audio head unit,” said Lawande.
Note: We at Inc42 take our ethics very seriously. More information about it can be found here.