Ostendo Technologies to merge with Veea.

Ostendo Technologies, a developer of solid-state lighting based display technologies, agreed to merge with Veea, a smart edge solutions provider. Financial terms were not disclosed. "During my many conversations with Allen about the next great technology revolution, we always come back to the same conclusion: these technology franchises are stronger and more valuable together. We are excited about the opportunities this merger will create for our worldwide customers, our partners and our employees. Together we will solve the problem of the last 50 meters and the last 3 centimeters—changing how and what we see in our daily interactions with information, the real world and the people around us," Hussein S. El-Ghoroury, Ostendo Founder and CEO.