Phoenix Technologies today announced that it has sold a part of its business to Lenovo. Lenovo has acquired BIOS technology and certain engineering resources which support its ThinkPad laptop development and sales. Phoenix has been working with Lenovo for over 20 years and has developed a close relationship providing BIOS for Lenovo’s products. Lenovo sees significant benefits in more closely controlling the key firmware in its ThinkPad laptops. There will be no changes in Phoenix’s relationships with its other customers who will continue to contract with and be supported by Phoenix Technologies.
Gerard Moore, CEO said. “This divestiture will allow the company to focus on developing and supporting its new FirmGuard product. It will also facilitate a return of capital to its shareholders.”
About Phoenix:
Phoenix Technologies was the first independent firmware provider and has been pioneering firmware innovation since 1979 with nearly a billion units installed worldwide. Phoenix designs, develops, and secures firmware for a wide range of computing devices and platforms. Phoenix is headquartered in the US with a global presence and primary engineering teams based in the US and Taiwan.
For more information contact:
Jonathan O’Connell, CFO Tel: +353 86 809 2204
Phoenix Technologies Email: [email protected]