Aricent

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Aricent
Private
Industry R&D Services
Founded 1991 (as Hughes Software Systems)
Headquarters Santa Clara, California
Key people
Frank Kern (CEO)
Products Internet engineering
Number of employees
10000 [1]
Website www.aricent.com

Aricent is a global design and engineering company.[2]

History[edit]

Aricent is the successor to Hughes Software Systems, which was established in 1991, a subsidiary to Hughes Electronics.[3] and Sequoia Capital.[4][5]

  • 1991: Established as Hughes Software Systems (HSS) by KV Ramani in Nehru Place, New Delhi developing software solutions in the areas of VSAT-based networks for voice and data, cellular wireless telephony, packet switching, and multi-protocol routing.Pioneering in the development of Protocol Stacks.[6] It acquired Frog Design for approximately $25 million.[7]
  • 2004: Flextronics bought HSS to form Flextronics Software Systems and merged with Future Software Communications headquartered in Chennai.[8]
  • 2005: Expanded development operations in Kiev, Kherson and Vinnytsia in the Ukraine; Randburg, South Africa; and Beijing, China. Was delisted from India's stock market in preparation for sale.
  • 2006: Was acquired by Kohlberg Kravis Roberts and Sequoia Capital as part of a $900 million sales of software companies.[4] The transaction represented the largest private equity buy-out in Indian history.[9]
  • 2007: Acquired Datalinx; launched service provider offerings.[10]
  • 2008: The Family Office, a multi-family office company with headquarters in Bahrain also joined in funding Aricent.[11]
  • 2011: Rebranded to Aricent Group.[12]
  • 2011: Opened engineering and development center for testing and wireless technologies in Vietnam[13]
  • 2013: Rebranded to Aricent.
  • 2015: Acquired SmartPlay Technologies, a semiconductor service based firm for $180 million. As part of the deal, SmartPlay's 1,200-plus staff will join Aricent's staff.
  • 2017: KKR group led Aricent been acquired by France's based Altran.
  • 2018: Altran acquires Aricent [14][15]

Operations

  • Aricent Gurgaon Infotech Campus
  • Aricent Gurgaon Tikri Office

See also[edit]

References[edit]

  1. ^ "About Us" (Webpage). Aricent. Retrieved 2016-05-28. 
  2. ^ "About Us". Aricent. 27 February 2016. Retrieved May 28, 2016. 
  3. ^ "KKR Current Investments". KKR. Archived from the original on 2006-08-25. Retrieved 2006-10-26. 
  4. ^ a b "Aricent - Sequoia Capital". Sequoia Capital. Archived from the original on 10 November 2006. Retrieved 2006-10-26. 
  5. ^ "Aricent Debuts As Communications Software Pure Play". KKR. Archived from the original on 2006-10-31. Retrieved 2006-10-26. 
  6. ^ "Flextronics takes over FutureSoft". The Hindu. 27 August 2004. 
  7. ^ "One Great Leap for Frog Design". BusinessWeek. Retrieved 2010-03-04. 
  8. ^ "KV Ramani, Founder, Future Software Pvt Ltd and Ex Chairman, NASSCOM on 'Entrepreneurship and successful business models'". Great Lakes Institute of Management. 
  9. ^ "Buyout deal by KKR is India's largest ever". International Herald Tribune. Archived from the original on 24 October 2006. Retrieved 2006-10-31. 
  10. ^ "Aricent buys US firm in global market quest". Hindustan Times. 13 September 2007. 
  11. ^ "Aricent Announces New Funding from KKR and The Family Office". Aricent. Archived from the original on 9 October 2008. Retrieved 2008-09-23. 
  12. ^ "Rebranded to Aricent Group". Aricent. Retrieved 2011-05-21. 
  13. ^ "Aricent opens software center in town - Aricent opens software center in town". Saigon Times. 
  14. ^ http://www.nasdaq.com/press-release/altran-technologies--altran-group-acquires-aricent-and-creates-the-undisputed-global-leader-in-20171130-00024
  15. ^ https://www.altran.com/us/en/news_press_release/completion-aricent-acquisition-altran-assumes-global-leadership-engineering-rd-services/