Semiconductor firm ARM buys Simulity Labs for €13 million

Dubliner Stephen Halpenny co-founded the internet of things company with Stephane Fund in 2009

9th July, 2017
Stephane Fund

Simulity Labs, an internet of things company co-founded by Dubliner Stephen Halpenny, has been sold to semiconductor firm ARM for £11.7 million (€13.3 million.)

Halpenny co-founded Simulity with Stephane Fund in 2009 and the business has offices in Northern Ireland, Wales, South Africa and India.

In October 2016, the business was bought by the Foresight Group for £4 million and the sale has returned to the fund a 400 per cent internal rate of return.

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Hard Station: the strange world of tech embargoes

More Tech Brian Lloyd 8 months ago

Podcast: CWSI on securing remote workers during lockdown working

Podcast: Avaya on improving connectivity through the crisis

Tinkerer tailors a solution for property owners to save on water bills

More Tech Emmet Ryan 10 months ago