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Avnet buys AI specialist Softweb Solutions to bolster its IoT software proposition

Phoenix based electronics distributor and internet-of-things (IoT) developer platform Avnet has struck a deal to acquire Chicago IoT solutions vendor Softweb Solutions for an undisclosed fee. Softweb Solutions specialises in artificial intelligence (AI) software for IoT applications and systems. Avnet, a major partner of AT&T and Cisco, among others, and a major distributor of embedded systems by trade, has expanded its software...