Thundersoft’s Acquisition of Rightware Strengthens Their Leading Positions in the Fast-growing Market for Connected Car Software
Rightware, a provider of automotive user interface software, announced its acquisition by Thundersoft, a 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, worth 64 million Euros, is expected to close in early 2017.
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.
“Kanzi is expected to power over 25 million cars by 2022. With Thundersoft, we can expand this footprint further and support our customers even better,” says Jonas Geust , CEO of Rightware.
With its first overseas acquisition, Thundersoft enters the European market and further expands its platform technology and services within the automotive industry. “The automotive market is one of the fastest growing segments for Thundersoft, and we are providing in-vehicle infotainment and cluster OS solutions to our customers worldwide,” says Larry Geng, CEO of Thundersoft.
Rightware remains an independent company through its existing brand, products and focus on the automotive industry. The current Rightware management will remain and re-invest in the company. 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.