REDMOND, WA – Data I/O has purchased $3 million worth of source code, patents and other IP to strengthen its technology base and expand its software offerings. 

The maker of IC and memory chip programmers said the new technology would be incorporated into products currently under development and would be the basis for new software offerings in “adjacent market spaces.”

“This will be a foundational element for creating growth,” said Fred Hume, president and CEO.  “This software complements our hardware offerings and enhances the entire Data I/O product portfolio.”

Data I/O will pay about $2 million in cash and issue $1 million in company common stock for the software, and pay royalties of 4% of directly associated revenues for five years. The company has hired two workers to assist in transferring and implementing the technology. Data I/O did not disclose the source of the software.

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