Transaction size undisclosed, but believed to be closer to $10 million
BENGALURU — Alten Calsoft Labs, a subsidiary the $2.2-billion French IT firm Alten Group, has acquired Bengaluru-based chip design company Si2Chip to expand its footprint in the VLSI (very large-scale integration) domain and enhance its semiconductor portfolio. The acquisition adds 200 engineers to Alten Calsoft's VLSI division.
According to a report in The Times of India, sources said that at the size of the acquisition is under $10 million but the company declined to comment on the deal size.
Si2Chip has delivered over 200 projects to over top ten semiconductor companies who are its customers. Founded in 2013, Si2Chip has a deep understanding of IPs, and optimisation of system-on-chip (SOC) designs.
Gerald Attia, deputy CEO of the Alten Group, said the company continues to have an organic and inorganic play. “We are poised to deliver excellence in next-generation technologies like AI, IoT, autonomous vehicles, and high-throughput technologies such as 5G and augmented/virtual reality. The acquisition allows us to leverage opportunities in future-ready technologies,” he said.
The company has made four acquisitions in recent times, including of Premier Logic, PVR Technologies and ASM Technologies.
Alten Calsoft Labs specialises in engineering and IT services in disruptive technologies like mobility, big data, analytics, cloud, IoT, DevOps and software-defined networking. “Currently, the Alten Group has 3,000 people in India and aims at increasing it to 5,000 in the next 2-3 years”, Attia said.
Ramandeep Singh, CEO of Alten Calsoft Labs, said the Si2Chip acquisition brings a combination of technical expertise and strong management team. “They will add breadth and depth to our high-end physical design offerings,” he said.
Ashok Mishra, CEO of Si2Chip, said services companies too need to evolve to address the entire technology stack under one roof, which may be an amalgamation of multiple technologies like semiconductors, embedded, software, IT & cloud offerings, mechatronics etc. "Alten will broaden our horizons and global reach to include new markets like North America, Europe and Apac,” he added
— Sufia Tippu is a freelance tech journalist based in India contributing to EE Times India