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Aricent

From Wikipedia, the free encyclopedia
Former company
This articleis inlist format but may read better asprose. You can help byconverting this article, if appropriate.Editing help is available.(July 2020)
Aricent/Altran Americas
Company typeDefunct Company (acquired by Altran)
IndustryR&D Services
Founded1985 (founding of Future Software Communications); 1991 (founding of Hughes Software Systems); merged after acquisition in 2004.
Defunct2019
HeadquartersSanta Clara, California and laterNew York, New York (USA)
Gurgaon, Haryana (India)
ProductsProduct and service engineering (largely digital and software products and services)
Number of employees
10,000[1]

Aricent was a global design and engineering services company. It was acquired by French-based companyAltran in 2018 and renamed Altran North America in April 2019[2] and Altran Americas in early 2020. With Altran's acquisition byCapgemini, the successors of Aricent are incorporated intoCapgemini Engineering and to a lesser extent, Capgemini Invent.

Aricent was best known for developing telecom software which is used by telecom giants such asCisco Systems,Juniper Networks,Nokia Networks,Oracle,Alcatel-Lucent Enterprise, andNortel.

History

[edit]

Aricent is the successor toHughes Software Systems, which was established in 1991, as a subsidiary ofHughes Electronics,[3] with funding fromSequoia Capital.[4][5]

  • 1985: Future Software Communications founded by KV Ramani, aTCP/IP stack developer from India which will eventually merge with Hughes Software Systems.[6]
  • 1991: Hughes Software Systems (HSS) founded by KV Ramani inNehru 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] AcquiredFrog Design for approximately $25 million.[9]
  • 2005: Expanded development operations inKyiv,Kherson andVinnytsia inUkraine;Randburg,South Africa; andBeijing,China. Was delisted from India's stock market in preparation for sale.
  • 2006: Was acquired byKohlberg 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 asAltran 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

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References

[edit]
  1. ^"About Us". Aricent. Archived fromthe original on 2016-03-07. Retrieved2016-05-28.
  2. ^"About Us". Aricent. 27 February 2016. Archived fromthe original on 28 January 2019. RetrievedMay 28, 2016.
  3. ^"KKR Current Investments". KKR. Archived fromthe original on 2006-08-25. Retrieved2006-10-26.
  4. ^ab"Aricent - Sequoia Capital". Sequoia Capital.Archived from the original on 10 November 2006. Retrieved2006-10-26.
  5. ^"Aricent Debuts As Communications Software Pure Play". KKR. Archived fromthe original on 2006-10-31. Retrieved2006-10-26.
  6. ^"KV Ramani".
  7. ^"Flextronics takes over FutureSoft".The Hindu. 27 August 2004. Archived fromthe original on 18 January 2015.
  8. ^"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.
  9. ^"One Great Leap for Frog Design".BusinessWeek. Archived fromthe original on April 21, 2006. Retrieved2010-03-04.
  10. ^"Buyout deal by KKR is India's largest ever".International Herald Tribune.Archived from the original on 24 October 2006. Retrieved2006-10-31.
  11. ^"Aricent buys US firm in global market quest".Hindustan Times. 13 September 2007.[dead link]
  12. ^"Aricent Announces New Funding from KKR and The Family Office". Aricent. Archived fromthe original on 9 October 2008. Retrieved2008-09-23.
  13. ^"Rebranded to Aricent Group". Aricent. Retrieved2011-05-21.
  14. ^"Aricent opens software center in town - Aricent opens software center in town".Saigon Times. Archived fromthe original on 2016-03-04. Retrieved2015-05-06.
  15. ^"With completion of Aricent acquisition, Altran assumes global leadership in Engineering and R&D Services".
  16. ^PM, Indulal."KKR seeks to log out from Aricent, its oldest investment in India".The Economic Times. Retrieved2022-03-16.
  17. ^"Capgemini plans to acquire Altran for 3.6 billion euros".Reuters. 24 June 2019. Archived fromthe original on November 28, 2020.
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