TheStreet-News.Com offers all the latest stock market news and currencies market news

Apple Buys Firm That Automates Device Setup for Business

Apple acquired Fleetsmith, which “automates device setup, intelligence, patching, and security” for a company’s iPhones, iPads and Apple TVs.

Terms weren’t disclosed.

The startup’s technology works with Apple’s tech to enable IT departments to bring a device online as soon as an employee powers it up, TechCrunch reported.

Before the acquisition of San Francisco-based Fleetsmith, Apple relied on third-party companies to deploy corporate-device-management services.

Reports note that the Fleetsmith remote technology is particularly useful when so many employees are working from home during the pandemic.

Fourteen months ago Fleetsmith raised $30 million of venture capital in a Series B round led by Menlo Ventures with participation from Tiger Global Management, Upfront Ventures and Harrison Metal. That round brought the company’s funding to more than $40 million.

Apple has been on an acquisition spree in 2020, acquiring Voysis to improve its Siri AI, Next VR for virtual-reality broadcasting technology, for AI tools and Dark Sky to improve its weather app.

On Monday, Apple kicked off its annual Worldwide Developers Conference with a keynote from CEO Tim Cook and the introduction of iOS 14.

The latest operating system for Apple’s iPhone includes newly customizable home screen layouts; greater control of the size, frequency and location of widgets; and enhancements to messages.

Organizing the iPhone’s screens was one of the biggest updates on the new operating system with a new easy-to-access App Library helping to organize various apps; SmartStack, which allows users to navigate through various widgets; and picture-in-picture options that allow users to keep their videos playing on a smaller screen as they navigate other apps and pages on their iPhone.

At last check in a sharply lower broad market, Apple shares were trading off 1.8% at $360.13.