May 07, 2015
Rightware Divests Benchmarking Business
May 7, 2015
Rightware, leading provider of user interface solutions, has on May 1st divested its benchmarking business to Basemark Ltd. Rightware will continue to focus extending its world leading position in automotive HMI solutions.
Over the last few years, Rightware has successfully built a significant business around the Kanzi UI solution in the automotive industry. Now with more than 10 car OEMs taking Kanzi into production cars and a significant number of Tier 1s using Kanzi as their preferred HMI solution, Rightware is rapidly approaching its target of over 30% market share in the automotive industry. “In order to further focus the company around our targets in the user interface business, Rightware has decided to divest its benchmarking business via a management buyout arrangement to Basemark Ltd” said Jonas Geust, CEO of Rightware.
All Rightware’s existing benchmark IP, licensing rights, trademarks and maintenance contracts have been transferred to the recently established Basemark Ltd. “To all of our worldwide benchmark customers this is great news as it secures the benchmark business in long term and it will be a seamless transition. I’m excited about the new venture and we have many great new products coming out” said Tero Sarkkinen, CEO of Basemark Ltd.
More information about Rightware: www.rightware.com
More information about Basemark: www.basemark.com
Rightware® is the market leader in advanced Human-Machine Interface technology for the automotive and other embedded industries. Rightware® Kanzi® UI Solution enables the rapid design, implementation and deployment of branded HMIs such as digital clusters, IVIs and HUDs. With Kanzi®, automotive OEMs and Tier 1s are able to deliver stunning user experiences with high fidelity graphics that today’s customers want. Kanzi® UI solution has been shipping in production vehicles for over 4 years now and has been chosen by multiple automotive OEM and Tier1 customers. Rightware® has offices in Helsinki, Silicon Valley, Detroit, Munich, Seoul, Tokyo and Shanghai.
Jonas Geust, +358 40 502 2717
Tero Sarkkinen, +358 40 557 7887
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