Significantly Expands Design Strategy in the Idea Generation Phase
Inc. (NYSE: AVT)
announced today that it has acquired a majority interest in Hackster,
Inc. ("Hackster.io") as the first step of a two part transaction in
which Avnet will acquire the remainder of the company in January 2017.
Headquartered in San Francisco, California, Hackster.io is an online
community that helps users globally learn how to design, create and
program Internet-connected hardware. Hackster.io engages with nearly 90
technology partners, and maintains 100 Hackster Live ambassadors that
support a network consisting of close to 200,000 engineers, makers and
"We are fully committed to helping start-ups bring their ideas to
market. The addition of Hackster's online platform will enable users to
accelerate their hardware knowledge and time-to-market." said William
Amelio, Chief Executive Officer of Avnet. "The combination of
Hackster.io with Avnet's recently launched MakerSource resource
directory and acquisition of Premier Farnell's element 14 community will
allow start-ups to design and create new ideas, then quickly find the
resources to support them as they prepare to take their product to
"Hardware can be intimidating for those who are just starting to learn,
and even more so for those who are starting new ventures," said Adam
Benzion, cofounder and CEO at Hackster.io. "Creating a network for
learning, sharing and launching new inventions has been at the core of
our vision and values. With Avnet, we can accelerate our vision by
reaching out to more people in more places, with better learning tools
and a launch pad for creation."
Ben Larralde and Adam Benzion founded Hackster.io
to help people everywhere learn how to design, create and program
Internet-connected hardware. They wanted to build a friendly, curated
and welcoming environment for engineers, makers and ethical hackers who
are interested in learning by doing.
About Avnet, Inc.
From components to cloud and design to disposal, Avnet, Inc. (NYSE:AVT)
accelerates the success of customers who build, sell and use technology
globally by providing them with a comprehensive portfolio of innovative
products, services and solutions. For more information, visit www.avnet.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161114005136/en/
Media Relations Contact
Vincent Keenan, 480-643-7053
Source: Avnet, Inc.
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