Norway, June 24 -- Nordic Semiconductor today announces the acquisition of its long-term partner Memfault Inc., the market-leading cloud platform provider for large-scale deployments of connected products, for a consideration of USD 120 million on a cash and debt-free basis. Memfault has a strong and fast-growing customer base with annual recurring revenue (ARR) of USD 7.2 million at the end of 2024, expected to increase by more than 50% in 2025. The acquisition aligns with Nordic's growth strategy and accelerates its transition from a hardware company to a complete solution partner. Nordic now provides a comprehensive platform that simplifies development and accelerates time-to-market for its customers. Throughout the product lifecycle, co...