Ennoconn® Corporation Acquires 60% Stake in Thecus Technology Corp.

Milpitas, CA, May 18, 2016 --(PR.com)-- Thecus® Technology Corp. announced today that Ennoconn® Corporation, a leader in IPC design and the system integration industry, has acquired a 60% stake in Thecus Technology Corp. Ennoconn is a subsidiary of Foxconn® Technology Group. Under Foxconn, Ennoconn collaborates with it’s own elite subsidiary companies titled the Foxconn IPC Technology Group. Thecus Technology Corp provides market leading network attached storage, optimizing how everyone from home user to enterprise level business centrally stores, manages and accesses their digital data both onsite and cloud-based.

This acquisition follows a significant number of similar strategic investments in companies based in the “IoT” industry made by Ennoconn Corporation, under their management; the Foxconn IPC Technology Group has positioned itself strongly to offer a total “IoT” solution to the international community.

With Ennoconn’s acquisition, Thecus will formally join the world's largest electronics manufacturing company Foxconn Technology Group. Foxconn is renowned for its superior manufacturing capability globally, cost-efficiency, and high-end quality. It is anticipated that with the collaboration of this unparalleled portfolio to work with, Thecus is set to bring unprecedented change to the network storage industry.