TTTech Auto, a global leader in safety software platforms for automated driving and beyond, acquires the Turkish software company Red Pine Software. TTTech Auto continues its growth strategy with this acquisition and increases its software development capacities for Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD) series development projects featuring its flagship product MotionWise. Red Pine and its 60 employees are experts in automotive embedded software engineering with a focus on ADAS. The acquisition became effective as of Jan. 1, 2020.
“We are welcoming the Red Pine team to join forces for our rapidly growing ADAS/AD business. This will support the growth and the leading position of TTTech Auto in the safety software platform market in the next years,” said Georg Kopetz, CEO of TTTech Auto.
“We are looking forward to becoming part of TTTech Auto and shape the future of automated driving with safety software solutions,” said Cem Sezer, the founder and CEO of Red Pine. “TTTech Auto’s global market position and its partner ecosystem will allow us to contribute to the most demanding and state-of-the-art projects in the automotive industry at this time.”
Cem Sezer founded Red Pine Software in 2017 around a core team of experts with each more than 10 years of industry experience. According to HackerRank, Turkey has ranked 30th globally for the best developers worldwide right after the U.S. and the UK, making it an ideal site to attract these talents.
“The CEE region and especially the tech hub Izmir have built up an excellent base of embedded software developers, which motivates us to strategically grow our business in this area. Based on our already well-established cooperation, we know Red Pine as an exemplary tech company with experienced employees and great growth potential,” says Milenko Beric, senior VP finance CP&E & general manager of Sites CEE at TTTech Auto.