ANALOG DEVICES acquires INNOVASIC

NORWOOD, MA October 27, 2016 – Analog Devices, Inc. (NASDAQ: ADI) today announced the acquisition of Innovasic Inc., a leading provider of Deterministic Ethernet semiconductor and software solutions. The acquisition adds a suite of multiprotocol Industrial Ethernet solutions and key enabling technologies to ADI's Smart Automation Solutions portfolio for industrial automation and Industrial Internet of Things (IoT).

With the industrial automation market already transitioning from serial fieldbus to Ethernet connectivity, and with the simultaneous push toward a ubiquitous Industrial IoT, there is a clear need for highly reliable, real-time Ethernet connectivity for sensitive industrial automation applications. The acquisition of Innovasic will give ADI customers immediate access to a set of innovative solutions for today's Industrial Ethernet applications while also creating a best-in-class roadmap for future connectivity needs like Industrial IoT. These solutions will complement ADI's existing high-performance Industrial Automation solutions, including Software Configurable IO, Field Instruments, and efficient servo drives.

“The combination of Analog Devices and Linear Technology brings together two of the strongest business and technology franchises in the semiconductor industry,” said Vincent Roche, President and Chief Executive Officer of Analog Devices. “Our shared focus on engineering excellence and our highly complementary portfolios of industry-leading products will enable us to solve our customers’ biggest and most complex challenges at the intersection of the physical and digital worlds. We are creating an unparalleled innovation and support partner for our industrial, automotive, and communications infrastructure customers, and I am very excited about what this acquisition means for our customers, our employees, and our industry. ”

"In environments such as automotive manufacturing, where teams of robots are working in tandem in harsh and noisy conditions, our automation customers demand robust, synchronized, network technology," said Kevin Carlin, General Manager of ADI's Automation Business Unit. "These customers also strive to achieve the efficiency and cost improvements promised by wider deployment of Ethernet with the upcoming Industrial IoT. The IEEE has recognized that new standards will be required to enable Ethernet to meet the determinism demands for these emerging applications and is developing the new Time Sensitive Networks (TSN) standards. Innovasic technology not only addresses today's Industrial Ethernet, but has also been demonstrated to address some of the early requirements of these new IEEE TSN standards. With this acquisition, ADI is now able to offer its customers a path forward from the sensor to the connected future of Industrial IoT."

The Innovasic team will join ADI's Industrial Automation Business Unit and operate as a key technology group, developing the company's Deterministic Ethernet technology solutions and continuing to supply industrial customers with its portfolio of long life-cycle semiconductors. The team will be led by Jordon Woods, Innovasic's co-founder and COO, and continue to be based in Albuquerque, New Mexico.

"We are excited to become part of Analog Devices and its ‘Smart Automation' solution set," said Woods. "Innovasic and ADI have both pursued solutions to customers' most challenging technical problems while committing to maintain long product life cycles to meet the unique requirements of the industrial market. Together, we will be able to effectively and efficiently solve the communications needs of customers serving the most demanding industrial automation environments on the planet."

About Analog Devices

Analog Devices designs and manufactures semiconductor products and solutions. We enable our customers to interpret the world around us by intelligently bridging the physical and digital with unmatched technologies that sense, measure and connect. Visit http://www.analog.com.


Forward Looking Statements are omitted