Vienna, Austria – May 6, 2015 - TTTech, the technology leader in robust networked safety controls, announces a strategic partnership with RT-RK d.o.o., one of the leading IT engineering companies for real-time embedded systems in Central and Eastern Europe. RT-RK is a long standing engineering partner of TTTech, especially in the field of automotive electronics and industrial applications. TTTech is investing in RT-RK to acquire 35% of the company’s share capital. The purchase price has not been disclosed.
Vienna-based technology company TTTech delivers robust networked control systems based on Deterministic Ethernet, including the emerging IEEE Time-Sensitive Networking (TSN) standards. These systems are deployed in particular for automotive, aerospace, mobile machinery and industrial applications. By investing in one of the most prominent engineering houses in Southeast Europe, TTTech is strengthening its position as a leader in the fast developing market for networking and software solutions in the Industrial Internet of Things (IoT) and autonomous driving vehicles. TTTech’s extensive knowledge in these fields has been proven in various industry leading projects.
“The acquisition of RT-RK shares will allow us to execute complex engineering intensive projects in our safety-related markets exceptionally well,” explains Stefan Poledna, co-founder and member of the executive board at TTTech. “With this investment we are able to drive our growth strategy in the fields of Industrial IoT and autonomous operations.”
RT-RK, headquartered in Novi Sad, Serbia, is a global powerhouse serving customers in Silicon Valley and EMEA. The company currently employs around 500 engineers and is one of the first companies to industrialize Android operating systems in the IT market. “RT-RK is delighted to strengthen the cooperation with TTTech and to welcome the company as a major investor. We look forward to continuing our successful work as engineering partners,” says Nikola Teslic, Deputy General Manager, CTO and co-founder at RT-RK.
TTTech Computertechnik AG is the global technology leader in robust networked safety controls by leveraging automotive and aerospace real-time and safety technologies. The company’s solutions improve the uptime and reliability of networked electronic systems in the transportation and industrial segments. TTTech’s product portfolio offers best-in-class certifiable products and is the basis for break through solutions for the Industrial Internet of Things and for piloted driving.
TTTech customers win as they deploy dependable networks and real-time controls more efficiently and profitably. Benefits include shorter time-to-market due to re-use of proven architecture, higher system availablity and ease of system integration with reduced cost. The company’s solutions further support highly scalable and modular open real-time architectures based on the emerging TSN IEEE standard.
More information about TTTech is available at www.tttech.com
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