Avnet Announces Global Strategic Collaboration Agreement with Amazon Web Services

Rhea-AI Summary

Avnet (Nasdaq: AVT) has formed a strategic collaboration with Amazon Web Services (AWS) to enhance its IoTConnect Platform. This partnership aims to simplify and expedite IoT implementations for Original Equipment Manufacturers (OEMs) by integrating AWS's extensive services. The platform will include preconfigured IoT solutions, addressing the need for scalability, security, and reduced development overhead. Key features will encompass device management, multi-layer security, and analytics, empowering OEMs to innovate effectively.

Positive

• Strategic collaboration with AWS enhances Avnet's IoTConnect Platform.
• Access to AWS's extensive service portfolio boosts scalability and security.
• Preconfigured IoT solutions reduce development time for OEMs.

Negative

• None.

Avnet’s IoTConnect Platform to include preconfigured and managed AWS IoT services to enable simple, fast, and secure IoT implementations for OEMs

PHOENIX--(BUSINESS WIRE)-- Through a new global strategic collaboration agreement, Avnet (Nasdaq: AVT) and Amazon Web Services (AWS) are focused on helping Original Equipment Manufacturers (OEMs) of IoT solutions accelerate their time to market. This multi-year, joint investment will enable Avnet’s IoTConnect Platform to deliver the breadth and depth of AWS’ portfolio of services—creating a scalable, secure platform that preconfigures AWS’ services for application-specific usage.

Avnet’s IoTConnect Platform helps OEMs that are designing connected solutions overcome the pressures of time to market, scalability, reliability, and security. Many OEMs today are lean organizations that need to continue to invest in the resources that provide differentiated value and deliver the expertise to their market. Adding cloud-connected experiences to their product offerings often strains these organizations because IoT requires additional software, security, and cloud management skillsets. Having access to pre-integrated and abstracted capabilities that they can easily assemble and deploy can greatly accelerate their efforts and reduce overhead.

This strategic collaboration provides Avnet’s IoTConnect Platform with access to AWS’ portfolio of services, including IoT, machine learning, analytics, and compute services. Avnet customers will soon have access to an aggregated IoT development experience across AWS services, including AWS IoT Core, AWS IoT Greengrass, FreeRTOS, AWS IoT Analytics, and AWS IoT SiteWise. The collaboration between Avnet and AWS will benefit OEMs by providing: (a) Device provisioning, configuration and lifecycle management, (b) Multi-layer security, (c) Multi-protocol connectivity, (d) Integration of 3rd party services, API gateway, SDKs, (e) Business Intelligence (BI) with data monitoring, analytics and notifications, (f) Pre-built business applications. This allows OEMs to focus on the development of features and applications that truly elevate their connected products and accelerates time to market.

Powered by AWS, Avnet’s IoTConnect Platform will provide advanced capabilities such as pre-integrated edge-to-cloud hardware designs and full lifecycle secure device and identity management. It will also provide OEMs with seamlessly scalable full-stack solutions that include hardware agnostic edge designs, as well as tailored business applications and analytics. All of these capabilities will be delivered through a single aggregated experience via Avnet’s IoTConnect Platform which enables OEMs, systems integrators, and software developers to secure, monetize and support end-customer solutions.

“Today, Avnet lives at the intersection of connected technology by regularly working with leading hardware manufacturers and building our expertise at the edge and cloud. With our help, OEMs don’t have to go it alone to deliver simple, fast and secure IoT implementations,” said Lou Lutostanski, Vice President of IoT, Avnet. “Our collaboration with AWS will help OEMs design, build, deploy and manage cloud connected devices, applications and solutions at scale.”

Avnet IoTConnect Platform – Learn More

About Avnet

As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for an entire century. We support customers at each stage of a product’s lifecycle, from idea to design and from prototype to production. Our unique position at the center of the technology value chain enables us to accelerate the design and supply stages of product development so customers can realize revenue faster. Decade after decade, Avnet helps its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at www.avnet.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220621006106/en/

Heather Vana

Avnet

Heather.vana@avnet.com



Alex Jafarzadeh

Brodeur Partners, for Avnet

ajafarzadeh@brodeur.com

617-587-2846

Source: Avnet

FAQ

What is Avnet's recent collaboration about?

Avnet has collaborated with Amazon Web Services to enhance its IoTConnect Platform, simplifying IoT implementations for OEMs.

How will the collaboration with AWS benefit Avnet's customers?

Customers will gain access to preconfigured AWS services, improving scalability, security, and reducing time to market for IoT solutions.

What capabilities does the IoTConnect Platform offer?

It offers device management, multi-layer security, and analytics, all integrated with AWS services.

What is the stock symbol for Avnet?

The stock symbol for Avnet is AVT.

How does the partnership with AWS impact Avnet's market position?

The partnership positions Avnet to provide enhanced IoT solutions, potentially attracting more OEM customers and increasing market share.