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.