ALTEN Calsoft Labs Acquires Software Business Division of ASM Technologies Ltd.
ALTEN Calsoft Labs Acquires Enterprise Technological Software Business Division of ASM Technologies Ltd. to Accelerate Growth
March 2, 2016 – Santa Clara, USA & Bangalore, India
- Acquisition to Add 2 Fortune 100 Customers
- Increases Manpower by 750 Consultants to Expand its Enterprise Technological SW Solution Offering
ALTEN Calsoft Labs, a global Product Engineering and IT consulting leader, today announced that it has acquired substantially all the Technological Software Business division of ASM Technologies Ltd. and its subsidiaries. ALTEN Calsoft Labs is a 100% subsidiary of ALTEN Group and specializes in helping global enterprises solving its business challenges with the usage of technology. This acquisition will expand ALTEN Calsoft Lab’s Enterprise IT offerings, particularly in the areas of BI & Analytics solutions, Technological software and Cloud computing; adding specialized capabilities in the High-tech, Retail, Telecom, and Manufacturing verticals.
– The acquisition will add more than 750 consultants to the rapidly growing Enterprise Technological business unit.
Commenting on the acquisition, Gerald Attia, Deputy CEO at ALTEN Group, said, “Inorganic growth being a part of our core strategy, we continue to acquire companies in the area of SMAC, Digital Transformation and IoT. ASM Technologies Ltd.’s Enterprise Technological Software Business is an ideal fit for ALTEN Calsoft Labs with the vision of creating a new age digital transformation services platform that combines the capabilities in Cloud, mobility, analytics and product engineering and enable rapid growth in the coming years.”
“This acquisition is another achievement towards our vision of positioning ALTEN Calsoft labs among the leading Enterprise Product engineering and IT service providers by enabling our customers to develop competitive advantages through optimized business processes and superior consumer experience,” notes Ramandeep Singh, Chief Executive Officer of ALTEN Calsoft Labs. “ASM Technologies Ltd. has achieved outstanding success over recent years, and I look forward to working with its high-performance team to deliver even greater value to customers. I am extremely excited to welcome them to the growing ALTEN Calsoft Labs team.”
“We have reached a stage where we feel that there is an opportunity to provide customers of our Enterprise Technological Software division broader range of offerings. We are confident that under the leadership of ALTEN Calsoft Labs, customers of our Enterprise TS division will get benefitted by their broader capabilities, including next generation technologies. This move will help ASM to scale its Engineering services and Product Engineering services and to step up our efforts towards ARISE (ASM Research & Innovation Step for Excellence) which focuses on driving innovation and creating IP assets to suit industry specific needs of our customer,” explains Rabindra Srikantan, Managing Director at ASM Technologies Ltd.
About ALTEN Group:
The ALTEN Group is a leading European Technology Consulting and Engineering (TCE) firm with over 20,400 employees in more than 20 countries. Headquartered in Paris, France, with operations throughout Europe, North America, India, China, and the MENA region, the ALTEN Group works with clients in the aerospace, defense, transportation, energy, life sciences, financial services, telecom and IT sectors. To know more about ALTEN Group http://www.alten.com.
About ALTEN Calsoft Labs:
ALTEN Calsoft Labs, is a digital transformation, technology consulting and engineering services company. We offer Consulting, Enterprise IT and Product Engineering Services, in verticals like Education, Healthcare, Networking & Telecom, High-Tech, ISV and Retail. We enable enterprises to Innovate, Integrate, and Transform their business by leveraging disruptive technologies like Cloud, Mobility, Analytics and Software-defined Networking (SDN/NFV). To know more about ALTEN Calsoft Labs. Visit https://www.altencalsoftlabs.com/.
About ASM Technologies Ltd.:
ASM Technologies Limited (http://www.asmltd.com ) is a publicly-listed company in India with global presence in USA, Singaporeand UK. With over 2 decades of experience ASM has been providing world class consulting and product development services in the areas of Engineering Services, Product Engineering Services, Business Systems & IT Infrastructure services with successful Offshore Development & Support Centers in India and Overseas for its global clientele.
Associate Director at ALTEN Calsoft Labs
Company Secretary at ASM Technologies