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by | Mar 16, 2018 | Clematis

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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.

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

Aricent 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, 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

References

  1. ^ "About Us". Aricent. Archived from the original on 2016-03-07. Retrieved 2016-05-28.
  2. ^ "About Us". Aricent. 27 February 2016. Archived from the original on 28 January 2019. Retrieved May 28, 2016.
  3. ^ "KKR Current Investments". KKR. Archived from the original on 2006-08-25. Retrieved 2006-10-26.
  4. ^ a b "Aricent - Sequoia Capital". Sequoia Capital. Archived from the original on 10 November 2006. Retrieved 2006-10-26.
  5. ^ "Aricent Debuts As Communications Software Pure Play". KKR. Archived from the original on 2006-10-31. Retrieved 2006-10-26.
  6. ^ https://www.dqindia.com/kv-ramani/
  7. ^ "Flextronics takes over FutureSoft". The Hindu. 27 August 2004. Archived from the 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 from the original on April 21, 2006. Retrieved 2010-03-04.
  10. ^ "Buyout deal by KKR is India's largest ever". International Herald Tribune. Archived from the original on 24 October 2006. Retrieved 2006-10-31.
  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 from the original on 9 October 2008. Retrieved 2008-09-23.
  13. ^ "Rebranded to Aricent Group". Aricent. Retrieved 2011-05-21.
  14. ^ "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.
  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. Retrieved 2022-03-16.
  17. ^ "Capgemini plans to acquire Altran for 3.6 billion euros". Reuters. 24 June 2019.
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