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] |
| 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
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) by KV Ramani in Nehru Place,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.Pioneering in the development of Protocol Stacks.[8] It acquired frog design for approximately $25 million.[9]
- 2004: Flextronics bought HSS to form Flextronics Software Systems and merged with Future Software Communications headquartered in Chennai.[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.
- 2006: Was acquired by Kohlberg Kravis Roberts and Sequoia Capital as part of a $900 million sales of software companies.[11] The transaction represented the largest private equity buy-out in Indian history.[12]
- 2007: Acquired Datalinx; launched service provider offerings.[13]
- 2008: The Family Office, a multi-family office company with headquarters in Bahrain also joined in funding Aricent.[14]
- 2011: Rebranded to Aricent Group.[15]
- 2011: Opened engineering and development center for testing and wireless technologies in Vietnam[16]
- 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
References
- ↑ "About Us" (Webpage). Aricent. Retrieved 2016-05-28.
- ↑ http://www.aricent.com/news/zinnov-rates-aricent-global-rd-services-leader
- ↑ "Archived copy". Archived from the original on 2015-05-13. Retrieved 2015-05-06.
- 1 2 "About Us" Accessed J May 28, 2016
- ↑ "KKR Current Investments". KKR. Archived from the original on 2006-08-25. Retrieved 2006-10-26.
- ↑ "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.
- ↑ url=http://www.thehindu.com/2004/08/27/stories/2004082703941500.htm
- ↑ "One Great Leap for Frog Design". BusinessWeek. Retrieved 2010-03-04.
- ↑ url=http://www.greatlakes.edu.in/blog/kv-ramani-founder-future-software-pvt-ltd-and-ex-chairman-nasscom-on-entrepreneurship-and-successful-business-models
- ↑ "Aricent - Sequoia Capital". Sequoia Capital. Archived from the original on 10 November 2006. Retrieved 2006-10-26.
- ↑ "Buyout deal by KKR is India's largest ever". International Herald Tribune. Archived from the original on 24 October 2006. Retrieved 2006-10-31.
- ↑ http://www.hindustantimes.com/business-news/aricent-buys-us-firm-in-global-market-quest/article1-247777.aspx
- ↑ "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.
- ↑ http://english.thesaigontimes.vn/Home/business/other/15411/
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