Aricent

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Aricent
Private
Industry R&D Services
Founded 1991 (as Hughes Software Systems)
Headquarters Redwood City, California
Key people
Frank Kern (CEO)
Products Internet engineering
Number of employees
12000 [1]
Slogan Engineering the Future
Website www.aricent.com

Aricent is a pure-play product engineering service 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 12,000 consultants, designers, and engineers at 19 locations worldwide.[4]

History[edit]

Aricent is the successor to Hughes Software Systems, which was established in 1991, a subsidiary to Hughes Electronics. (KKR),[5] and Sequoia Capital.[6][7]

  • 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.[8] It acquired frog design for approximately $25 million.[9]
  • 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.[10] The transaction represented the largest private equity buy-out in Indian history.[11]
  • 2007: Acquired Datalinx; launched service provider offerings.[12]
  • 2008: The Family Office, a multi-family office company with headquarters in Bahrain also joined in funding Aricent.[13]
  • 2011: Rebranded to Aricent Group.[14]
  • 2011: Opened engineering and development center for testing and wireless technologies in Vietnam[15]
  • 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.

Operations

See also[edit]

References[edit]

  1. ^ "About Us" (Webpage). Aricent. Retrieved 2016-05-28. 
  2. ^ http://www.aricent.com/news/zinnov-rates-aricent-global-rd-services-leader
  3. ^ http://www.aricent.com/contact#anchor-locations
  4. ^ a b "About Us" [1] Accessed J May 28, 2016
  5. ^ "KKR Current Investments". KKR. Archived from the original on 2006-08-25. Retrieved 2006-10-26. 
  6. ^ "Aricent - Sequoia Capital". Sequoia Capital. Archived from the original on 10 November 2006. Retrieved 2006-10-26. 
  7. ^ "Aricent Debuts As Communications Software Pure Play". KKR. Archived from the original on 2006-10-31. Retrieved 2006-10-26. 
  8. ^ url=http://www.thehindu.com/2004/08/27/stories/2004082703941500.htm
  9. ^ "One Great Leap for Frog Design". BusinessWeek. Retrieved 2010-03-04. 
  10. ^ "Aricent - Sequoia Capital". Sequoia Capital. Archived from the original on 10 November 2006. Retrieved 2006-10-26. 
  11. ^ "Buyout deal by KKR is India's largest ever". International Herald Tribune. Archived from the original on 24 October 2006. Retrieved 2006-10-31. 
  12. ^ http://www.hindustantimes.com/business-news/aricent-buys-us-firm-in-global-market-quest/article1-247777.aspx
  13. ^ "Aricent Announces New Funding from KKR and The Family Office". Aricent. Archived from the original on 9 October 2008. Retrieved 2008-09-23. 
  14. ^ "Rebranded to Aricent Group". Aricent. Retrieved 2011-05-21. 
  15. ^ http://english.thesaigontimes.vn/Home/business/other/15411/