The subsidiary of the $2.2-billion French IT firm Alten Group known as Alten Calsoft Labs acquired Bengaluru-based chip design company Si2Chip. The basic purpose of this acquisition is to expand its footprint in the VLSI (very large-scale integration) practice and bolster its semiconductor portfolio.
Following this acquisition, the company will add 200 engineers to Alten Calsoft’s VLSI division. According to the sources, the size of the acquisition is expected to be under $10 million.
Talking about Si2Chip, the company has delivered over 200 projects and counts the top ten semiconductor companies as its customers. It was founded in 2013 and has a a deep understanding of IPs, and optimisation of system-on-chip (SOC) designs.
“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,” Gerald Attia, deputy CEO of the Alten Group said. “We want to take the headcount to 5,000 in the next 2-3 years,” he added.
He also stated that the company continues to have an organic and inorganic play. The company has made four acquisitions in recent times, including of Premier Logic, PVR Technologies and ASM Technologies.
The company basically specializes in engineering and IT services in disruptive technologies like mobility, big data, analytics, cloud, IoT, DevOps and software-defined networking. The company has 3,000 people in India.
This acquisition will bring a combination of technical expertise and strong management team. “Alten will broaden our horizons and global reach to include new markets like North America, Europe and Apac,” Ashok Mishra, CEO of Si2Chip said.