Tech Transfer eNews Blog

ARM Ltd. acquires U of Warwick computing tech spinout for £18 million

By Jesse Schwartz
Published: December 28th, 2016

World-leading semiconductor IP company ARM Ltd. has acquired Allinea Software, a spinout from the University of Warwick that creates software tools for developing and optimizing high performance computing applications.

The £18 million (over $22M US) deal will provide the U of Warwick with funding for further technology research and entrepreneurial activity. The acquisition is a particular success for Warwick Ventures, the university’s tech transfer office, as it marks the office’s biggest sale of a U of Warwick spinout.

“Today’s largest supercomputers now have 100,000s of processors, and millions of computing cores, so it is exceptionally challenging to develop applications that can make effective use of this computing power,” says Michael Rudgyard, former lecturer on computer science at U of Warwick and founder of Allinea Software.

“Allinea has created tools that help to ensure that this is possible,” he adds, “and the acquisition by ARM shows just how important the technology is, not just for [high performance computing], but also for next-generation artificial intelligence and machine learning applications.”

Allinea currently has offices in the U.S., Europe and Japan. Its software is used in roughly 70% of the world’s biggest supercomputers.

Quentin Compton-Bishop, CEO of Warwick Ventures, calls the deal with ARM “a tribute to the quality of Warwick’s research and the vibrant enterprise community in the West Midlands.”

“This success,” he says, “will enable the university and Warwick Ventures to continue to support the commercialization of innovations into products and services that benefit people worldwide.”

Source: Warwick

Posted under: Tech Transfer e-News

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