By Orr Hirschauge
Chip designer ARM Holdings PLC Thursday confirmed the
acquisition of Israel-based Sansa Security Inc., as the U.K. firm
extends its reach into the world of computer-chip security.
Terms have not been disclosed. According to one source, ARM will
pay around $90 million in cash for Sansa -- slightly higher than
the range of between $75 million and $85 million reported by The
Wall Street Journal in June
The deal will help ARM compete in the rapidly expanding market
for computer chips that go in everyday objects, known as the
Internet of Things. Cambridge, England-based ARM designs technology
for chips found in more than 95% of the world's smartphones.
"Any connected device could be a target for a malicious attack
so we must embed security at every potential attack point," ARM's
chief technology officer, Mike Muller, said.
"Joining ARM will enable us to scale the business," Sansa
Security's chief executive officer, Coby Sella, said.
Sansa Security provides security features for more than 150
million products a year, according to ARM's statement.
Write to Orr Hirschauge at orr.hirschauge@wsj.com