Finnish storage software and networking company Tuxera has signed an agreement to acquire Hungarian founded HCC Embedded. With the acquisition, Tuxera adds HCC’s vast experience and know-how in embedded file systems, flash management, and network data transfer software to its already impressive arsenal of services.
HCC embedded has placed information security at the forefront of its activities since its inception in 2002, achieving both ISO 9001:2015 Quality Management and ISO 27001 Information Security Management standards.
But what does that mean in the real world? In the real world, that means that Tuxera is delivering solutions to industries where failures are not an option. Automotive, avionics, aerospace, medical, rail and shipping transport, and industrial automation industries all depend upon flawless data delivery.
While the financials of the deal remain undisclosed, Tuxera representatives informed me that revenues for 2020 were roughly $20 million, with an EBITDA of approximately $6.5 million.
"Joining forces with HCC Embedded is a great next step for us in strengthening our expertise in embedded data storage solutions and expanding our offering even more towards deeply embedded systems using real-time operating systems and micro-controllers,” commented Tuxera CEO Tuukka Ahoniemi. “With the networking and middleware components of HCC Embedded, we're able to provide a more comprehensive portfolio of solutions spanning the entire lifecycle of data management.”