The level of merger and acquisition technology in the connected car space has hit record levels, according to new research from corporate finance advisory firm Hampleton Partners.

The connected car industry is getting a wide amount of hype. Gartner’s most recent hype cycle positioned autonomous cars and the Internet of Things at its peak of expectations, expecting both to reach a plateau of productivity within five to 10 years.

It’s no surprise, therefore, that M&A levels rise with these...

Software management firm Red Bend Software has been acquired by audio and visual infotainment group Harman International for a fee of $170 million.

The deal seems like a good fit for Harman, which was perhaps missing a connectivity string to its bow and Dinesh C. Paliwal, chairman, president, and CEO of Harman confirmed it was a strategic purchase.

“This acquisition of Red Bend, a true pioneer in OTA and virtualisation technologies for cyber security, adds a critical component to our automotive systems...