Aricent

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Aricent
Private
Industry Networking, Communications, Software Engineering
Founded 1991 (as Hughes Software Systems)
Headquarters Redwood City, California, US
Key people
Frank Kern (CEO & Board Member)
Products Design Services, R&D Services, Communications software, Networking software, Data Communications software, Multimedia software, Mobile software, Billing Mediation Software, Multimedia Codecs
Number of employees
7800 [1]
Slogan Communication Powers the World, Aricent Powers Communications
Website www.aricent.com

Aricent is a pure-play product engineering service and software firm. It develops software, provides technology services, and works with networking, telecom, software, semiconductor, Internet, and industrial companies.[2] Aricent is headquartered in Redwood City, California, with operations in 9 countries worldwide;[3] investors are KKR & Co. L.P. and Sequoia Capital.[4] The company claims to employ 7,800 consultants, designers, and engineers at over 10 locations worldwide.

History[edit]

Aricent is the successor to Hughes Software Systems, which was established in 1991, a subsidiary to Hughes Electronics. In 2004, Flextronics acquired a majority ownership stake in Hughes Software Systems. Two years later, in order to focus on its core electronics manufacturing services business, Flextronics sold its Flextronics Software Systems business (renamed Aricent) to KKR. Flextronics retained a 15% equity interest in the software development business until it sold the remaining stake in 2009.[5] In 2006, Flextronics sold 85% of the company to Kohlberg Kravis Roberts (KKR),[6] and Sequoia Capital.[7] Flextronics retained 15% ownership.[8] Frog became part of Aricent after the sale of Flextronic Software Systems to KKR in 2006.

  • 1991: Established as Hughes Software Systems (HSS) in 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.
  • 2004: FSS has acquired seven entities over the last four years, including Future Soft, Frog Design and AvniSoft.[9] It acquired frog design for approximately $25 million.[10]
  • 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.[11]
  • 2006: Was acquired by Kohlberg Kravis Roberts and Sequoia Capital as part of a $900 million sales of software companies.[12] The transaction represented the largest private equity buy-out in Indian history.[13]
  • 2007: Acquired Datalinx; launched service provider offerings.[14]
  • 2008: The Family Office, a multi-family office company with headquarters in Bahrain also joined in funding Aricent.[15]
  • 2011: Rebranded to Aricent Group.[16]
  • 2011: Opened engineering and development center for testing and wireless technologies in Vietnam[17]
  • 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.

See also[edit]

References[edit]

  1. ^ "About Us" (Webpage). Aricent. Retrieved 2010-08-01. 
  2. ^ http://www.aricent.com/news/zinnov-rates-aricent-global-rd-services-leader
  3. ^ http://www.aricent.com/contact#anchor-locations
  4. ^ http://www.aricent.com/about/press-and-analysts#about-aricent
  5. ^ http://www.hoovers.com/company/Flextronics_International_Ltd/cjxshi-1-1njhxk.html
  6. ^ "KKR Current Investments". KKR. Archived from the original on 2006-08-25. Retrieved 2006-10-26. 
  7. ^ "Aricent - Sequoia Capital". Sequoia Capital. Archived from the original on 10 November 2006. Retrieved 2006-10-26. 
  8. ^ "Aricent Debuts As Communications Software Pure Play". KKR. Archived from the original on 2006-10-31. Retrieved 2006-10-26. 
  9. ^ url=http://www.thehindu.com/2004/08/27/stories/2004082703941500.htm
  10. ^ "One Great Leap for Frog Design". BusinessWeek. Retrieved 2010-03-04. 
  11. ^ "Flextronics Proposes Acquisition of Flextronics Software Systems Limited Shares" (PDF). Flextronics. Retrieved 2010-03-04. [dead link]
  12. ^ "Aricent - Sequoia Capital". Sequoia Capital. Archived from the original on 10 November 2006. Retrieved 2006-10-26. 
  13. ^ "Buyout deal by KKR is India's largest ever". International Herald Tribune. Archived from the original on 24 October 2006. Retrieved 2006-10-31. 
  14. ^ http://www.hindustantimes.com/business-news/aricent-buys-us-firm-in-global-market-quest/article1-247777.aspx
  15. ^ "Aricent Announces New Funding from KKR and The Family Office". Aricent. Archived from the original on 9 October 2008. Retrieved 2008-09-23. 
  16. ^ "Rebranded to Aricent Group". Aricent. Retrieved 2011-05-21. 
  17. ^ http://english.thesaigontimes.vn/Home/business/other/15411/

External links[edit]