2nd Aprl, 2018 –
Panasonic has acquired “Shiftall”
a subsidiary of Cerevo with know-how on IoT product development
Cerevo, an Internet connected consumer electronics manufacturer based in Tokyo, Japan and Panasonic Corporation have agreed that Panasonic will acquire Shiftall Inc, a subsidiary of Cerevo which has expertise in innovative IoT product development and manufacturing processes, and have completed the procedure as of today.
Panasonic established their Business Innovation Department last April and is building a new customer value process in line with the digital era, focusing on developing new products based on customer centric ideas and innovation. Panasonic will make the most of Shiftall’s expertise as a result of this acquisition.
Cerevo will continue manufacturing and selling existing products and also plan and develop new products. Furthermore, Cerevo will continue cultivating its efforts provide technology, resources and know-how for IoT consumer electronics to a wider range of customers. While developing, manufacturing and designing hardware products for its own brands, Cerevo will place a greater emphasis on joint development with partner companies and their manufacturing operations, and will work to enhance the business value of the partner companies.
Cerevo Inc. (Consumer Electronic REVOlution) was founded in 2008 and is located in Tokyo, Japan with a branch office in Redmond, WA, USA. Cerevo is a small batch company focusing on making unique networked devices and connected solutions for both consumer and professional users based on its “Global Niche” concept. Cerevo’s products have been recognized globally and are sold in more than 70 countries.
Over 25 products have been released including, CEREVO CAM – a digital camera with internet connectivity, the LiveShell series – devices to enable live streaming on Ustream and YouTube Live using only a video camera, LiveWedge – a 4 input HDMI switcher with live streaming capabilities, Tipron – a smart robot projector for homes or businesses, and the XON series of smart sports products. For more information, please visit – http://cerevo.com
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