facebook rss twitter

Ennoconn Corporation Acquires 60% Stake in Thecus Technology Corp.

Tags: Thecus (4978.TWO), Foxconn (TPE:2317)

Quick Link: HEXUS.net/qac2wd

Add to My Vault: x


Ennoconn, a part Foxconn Technology Group, to join Thecus to bring unprecedented change to the network storage industry 

05/16/2016 – Thecus Technology Corp. announced today that Ennoconn Corporation, a leader in IPC design and the system integration industry, has acquired a 60% stake in Thecus Technology Corp. Ennoconn is a subsidiary of Foxconn Technology Group. 

Under Foxconn, Ennoconn collaborates with it’s own elite subsidiary companies titled the Foxconn IPC Technology Group. Thecus Technology Corp provides  market leading network attached storage, optimizing how everyone from home user to enterprise level business centrally stores, manages and accesses their digital data both onsite and cloud-based. 

“I am thrilled by the prospects that this strategic alliance brings to the table. With Ennoconn’s acquisition, we will harness Foxconn’s IPC Technology Group manufacturing power with Thecus’ in depth network storage industry knowledge. Ennoconn and Thecus together will develop our portfolio of continuous innovation through cutting-edge technology, as we intend to usher in the “IoT” era with products that will play an increasingly important role in people’s day-to-day lives.” said Florence Shih, President at Thecus Technology Corp. 

This acquisition follows a significant number of similar strategic investments in companies based in the “IoT” industry made by Ennoconn Corporation, under their management; the Foxconn IPC Technology Group has positioned itself strongly to offer a total “IoT” solution to the international community. 

With Ennoconn’s acquisition, Thecus will formally join the world's largest electronics manufacturing company Foxconn Technology Group. Foxconn is renowned for its superior manufacturing capability globally, cost-efficiency, and high-end quality. It is anticipated that with the collaboration of this unparalleled portfolio to work with, Thecus is set to bring unprecedented change to the network storage industry. 

For more information about Foxconn, please go to: http://www.foxconn.com/  

For more information about Ennoconn, please go to: http://www.ennoconn.com/ 

For more information about Thecus, please go to: www.thecus.com 

About Thecus  

Established in 2004, Thecus Technology Corp provides  market leading  network attached storage and network video recorder solutions, committed to revolutionize how everyone from home user to enterprise level business centrally stores, manages and accesses their digital data both onsite and cloud-based. Thecus strives to deliver continuous innovation through cutting edge technology and design to provide data storage with the most customer-friendly platform, rapid performance and robust security. In May 2016, Thecus was formally acquired by Ennoconn Corporation and thus became part of the Foxconn IPC Technology group. Partnered together this diverse group of companies work in tandem to provide a total IoT (Internet of Things) solution.  Now with an unparalleled portfolio to work with, Thecus is collaborating to bring unprecedented change to the network storage industry.