Aricent was a global design and engineering services company. It was acquired by French-based company Altran in 2018 and renamed Altran North America in April 2019[2] and Altran Americas in early 2020. With Altran's acquisition by Capgemini, the successors of Aricent are incorporated into Capgemini Engineering and to a lesser extent, Capgemini Invent.
.jpg){kind=logo} | |
| Company type | Defunct Company (acquired by Altran) |
|---|---|
| Industry | R&D Services |
| Founded | 1985 (founding of Future Software Communications); 1991 (founding of Hughes Software Systems); merged after acquisition in 2004. |
| Defunct | 2019 |
| Headquarters | Santa Clara, California and later New York, New York (USA) Gurgaon, Haryana (India) |
| Products | Product and service engineering (largely digital and software products and services) |
Number of employees | 10,000[1] |
Aricent was best known for developing telecom software which is used by telecom giants such as Cisco Systems, Juniper Networks, Nokia Networks, Oracle, Alcatel-Lucent Enterprise, and Nortel.
History
editAricent is the successor to Hughes Software Systems, which was established in 1991, as a subsidiary of Hughes Electronics,[3] with funding from Sequoia Capital.[4][5]
- 1985: Future Software Communications founded by KV Ramani, a TCP/IP stack developer from India which will eventually merge with Hughes Software Systems.[6]
- 1991: Hughes Software Systems (HSS) founded by KV Ramani in Nehru Place, New Delhi to develop software solutions in the areas of VSAT-based networks for voice and data, cellular wireless telephony, packet switching, and multi-protocol routing. Pioneered the development of Protocol Stacks.[7]
- 2004: Flextronics bought HSS to form Flextronics Software Systems and merged with Future Software headquartered.[8] Acquired Frog Design for approximately $25 million.[9]
- 2005: Expanded development operations in Kyiv, Kherson and Vinnytsia in 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.[10]
- 2007: Acquired Datalinx; launched service provider offerings.[11]
- 2008: The Family Office, a multi-family office company with headquarters in Bahrain also joined in funding Aricent.[12]
- 2011: Rebranded to Aricent Group.[13]
- 2011: Opened engineering and development center for testing and wireless technologies in Vietnam[14]
- 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 joined Aricent's staff.
- 2018: Altran acquired Aricent,[15][16] with Aricent operating as Altran North America in the Americas;
- 2019: Capgemini announced plans to acquire Altran Group [17]
- 2020: Capgemini acquired Altran Group in April, with the majority of Altran staff (including most former Aricent employees) incorporated into Capgemini Engineering. Frog incorporated into Capgemini Invent.
See also
editReferences
edit- ^ "About Us". Aricent. Archived from the original on 2016-03-07. Retrieved 2016-05-28.
- ^ "About Us". Aricent. 27 February 2016. Archived from the original on 28 January 2019. Retrieved May 28, 2016.
- ^ "KKR Current Investments". KKR. Archived from the original on 2006-08-25. Retrieved 2006-10-26.
- ^ a b "Aricent - Sequoia Capital". Sequoia Capital. Archived from the original on 10 November 2006. Retrieved 2006-10-26.
- ^ "Aricent Debuts As Communications Software Pure Play". KKR. Archived from the original on 2006-10-31. Retrieved 2006-10-26.
- ^ "KV Ramani".
- ^ "Flextronics takes over FutureSoft". The Hindu. 27 August 2004. Archived from the original on 18 January 2015.
- ^ "KV Ramani, Founder, Future Software Pvt Ltd and Ex Chairman, NASSCOM on 'Entrepreneurship and successful business models'". Great Lakes Institute of Management. 24 June 2010.
- ^ "One Great Leap for Frog Design". BusinessWeek. Archived from the original on April 21, 2006. Retrieved 2010-03-04.
- ^ "Buyout deal by KKR is India's largest ever". International Herald Tribune. Archived from the original on 24 October 2006. Retrieved 2006-10-31.
- ^ "Aricent buys US firm in global market quest". Hindustan Times. 13 September 2007. [dead link]
- ^ "Aricent Announces New Funding from KKR and The Family Office". Aricent. Archived from the original on 9 October 2008. Retrieved 2008-09-23.
- ^ "Rebranded to Aricent Group". Aricent. Retrieved 2011-05-21.
- ^ "Aricent opens software center in town - Aricent opens software center in town". Saigon Times. Archived from the original on 2016-03-04. Retrieved 2015-05-06.
- ^ "With completion of Aricent acquisition, Altran assumes global leadership in Engineering and R&D Services".
- ^ PM, Indulal. "KKR seeks to log out from Aricent, its oldest investment in India". The Economic Times. Retrieved 2022-03-16.
- ^ "Capgemini plans to acquire Altran for 3.6 billion euros". Reuters. 24 June 2019. Archived from the original on November 28, 2020.