Sasken Communication Technologies on Wednesday said that it will acquire the product portfolio and certain customer contracts and assets of US-based Ingenient Technologies, a highly professional multimedia software solutions company.
Ingenient will also transfer engineering and sales teams (including some in Korea and Japan) to Sasken. Sasken did not reveal the value of the deal.
According to Sasken, the acquisition of these assets are in line with its strategy of diversifying its portfolio and expanding into market segments like consumer and automotive electronics.
The transferred set of engineering employees in the US will form the core of Sasken’s Chicago development centre.
Sasken will now have a research and development centre in the US, which will be a beachhead for new product development supported by multi-site service delivery models. Sasken will also have presence in Korea and will strengthen its existing center in Japan, both countries being epicenters for development of consumer and lifestyle products.
Founded in 2000, Ingenient is a global provider of embedded multimedia software solutions to multinational companies ranging in size from tier one original equipment manufacturers to high-tech startups. Ingenient’s software solutions enable creation, delivery, management and presentation of rich multimedia content, according to Sasken.
Utilising these software solutions, Ingenient’s customers can immediately create leading-edge multimedia products for the consumer electronics, enterprise, security and surveillance, and infrastructure markets.
Rajiv Mody, Sasken’s chairman and CEO, said, “As a company with high professional standards, Sasken has always aimed to be the supplier of choice for embedded R&D services. Ingenient’s multimedia solutions combined with Sasken’s global reach and India-based development centers will enable us to offer a compelling portfolio of value added solutions.”
Friday, October 30, 2009
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