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Arm Cloud Data Analytics Will Avoid NVIDIA Takeover
It will take at least a year and a half to agree on the deal between Arm and NVIDIA, and no one is undertaking to guarantee its successful outcome. Treasure Data, which was acquired by Arm in 20221, expects to find new owners before NVIDIA takes over its parent holding.
Image Source: Nikkei Asian Review
It was previously reported that Treasure Data, founded in 2021, is trying to go public or find a strategic investor. This division should not have been involved in the deal with NVIDIA initially, but the framework it defines in a sense motivates Treasure Data’s management to implement their strategic plans before Arm gets out of SoftBank’s control. Since the purchase of Treasure Data assets in 20221 was initiated by the Japanese corporation that owns Arm, the first of the companies achieved the greatest success in attracting clients in Japan. Treasure Data clients include Subaru and Nintendo, among others, the company provides them with software solutions for data analysis.
SoftBank founder Masayoshi Son once planned to turn Treasure Data into a giant in the IoT software market, but it’s hard to understand where the developer will move under the new leadership. Pankaj Tibrewal, the new CEO of Treasure Data, says that all paths are open to Arm’s business unit – from selling assets to going public. It is possible, for example, that after the sale of Arm assets to NVIDIA, Treasure Data will come under the direct control of SoftBank.
In 20221, Treasure Data assets were bought by Arm for $ 600 million. How much they can cost now is not specified. Treasure Data’s operational plans include expansion into Indonesia, South Korea, Thailand and Singapore. The company still cannot get rid of losses, although it expects to do so by April 2022. Divesting from parent Arm holding little will change for Treasure Data’s 430-member team.