TASKING acquires iSYSTEM
The acquisition will create a one-stop shop for embedded software developers
TASKING has announced the acquisition of iSYSTEM.
The addition of iSYSTEM further enhances TASKING’s safety and security-oriented software ecosystem and broadens its capabilities as a one-stop shop for embedded software development tools and services with a strong emphasis on the automotive safety market and its related applications.
iSYSTEM adds an impressive portfolio of advanced debugger and software trace and analysis tools. These new product additions are highly complementary to TASKING`s existing high quality, functionally safe embedded software development tools and compilers.
The combination of technology assets and safety software development know-how, allows TASKING to continue its position as an innovative tool provider for the development of high- growth automotive applications like ADAS/AD and vehicle electrification.
The synergistic nature of their product portfolios has allowed TASKING and iSYSTEM to work together for years. This long-standing partnership will be expanded to further support the safety software development market by reducing the customers’ supplier base as TASKING can now fulfill more of the customers’ needs.
“We are excited to become a part of TASKING,” said Erol Simsek, Board Member at iSYSTEM. “We can now realize our slogan ‘We empower embedded software engineers to do it right!’ even better together with TASKING.”
“With the acquisition, we are expanding our range of tools for embedded software developers”, says Gregor Zink, CEO of TASKING. “The team and products of iSYSTEM will give us valuable support on our continued growth path.”
TASKING is a leading provider of embedded software development tools headquartered in Munich, Germany. TASKING development tools are used by automotive manufacturers and the world's largest Tier 1 supplier to realize high-performance applications in safety-critical areas. These customers and those from adjacent industries, trust TASKING development tools to develop the latest applications while achieving optimum reliability, functional safety, and performance. Since February 2021, TASKING has been majority-owned by financial investor FSN Capital, which has put the group on a long-term growth path following a successful carve- out. For more information visit www.tasking.com.