Aricent Inc., a US based company
providing Software and engineering services, has acquired Bangalore based Chip design
services firm SmartPlay Technologies Pvt. Ltd. for around $180 Million. This is
one of the biggest acquisitions in the semiconductor space in India. It is also
Aricent fifth and the biggest ever acquisition in the country.
SmartPlay has around 1,200
employees in India, Germany, Singapore and the US. The acquisition will also
expand Aricent 10,000 strong engineering team, which caters to nine core
industries including telecommunications, networking, consumer electronics,
industrial automation, semiconductor, automotive, internet services, consumer
and enterprise software, media and entertainment.
The acquisition follows France based
Technology consulting firm Altran acquisition of India based SiCon Design
Technologies last month and the acquisition of Bengaluru based Cosmic Circuits
in 2013 by Cadence Design Systems of the US, and demonstrates India’s growing
and deep strengths in semiconductor design. SmartPlay was founded in 2008.
Aricent started in late 1990s as
Hughes Software, a firm that was acquired by Flextronics International. In 2006,
private equity major Kohlberg Kravis Roberts and Co. acquired a majority stake
in the venture and renamed it Aricent. Aricent previously acquired four other
Indian firms – FutureSoft, Emuzed, Deccanet and Tenet Technologies.
No comments:
Post a Comment