Arm proposes to transfer ownership of Treasure Data - Treasure Data Blog
Arm proposes to transfer ownership of Treasure Data to SoftBank Group Corp. and its affiliates

Arm proposes to transfer ownership of Treasure Data to SoftBank Group Corp. and its affiliates

Dear Valued Customers and Partners,

Today, Arm announced proposed strategic organizational changes to transfer its two IoT Services Group (ISG) businesses, Treasure Data and IoT Platform, to new entities that would be owned and operated by SoftBank Group Corp. and its affiliates.

Treasure Data remains committed to enabling our customers and partners to provide the best customer experience through unified customer data. We will continue working closely with existing partners and building new relationships. And most important, you should not see any disruption in our service, or our support, as a result of this proposed change in ownership.

The transfer of the ISG businesses is subject to further board review, customary closing conditions, consultation with local staff representatives (where applicable) and, if approved, is expected to be finalized by the end of September 2020.

I am truly humbled by your support and partnership and hope to work even more closely with you in this exciting chapter of our journey.

Sincerely,
Hiro Yoshikawa

Hiro Yoshikawa, Vice President and General Manager, Data Business
Hiro Yoshikawa, Vice President and General Manager, Data Business
Hiro is the former CEO & Co-Founder of Treasure Data, acquired by Arm in 2018. Hiro is an open source software business veteran who began his career at Red Hat as an engineer and later transitioned to business development and product marketing. He successfully introduced Red Hat Linux into several transnational companies. Prior to starting Treasure Data, Hiro worked at Mitsui Ventures, where he led several key software investments for the firm.
Related Posts