India's Patni Acquires ZAiQ Technologies - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

India's Patni Acquires ZAiQ Technologies

Patni noted ZAiQ's strengths in ASIC design and IP, in addition to its expertise in FPGA and SoC technologies.

Patni Computer Systems, an India-based outsourcing firm, said Thursday it has acquired ZAiQ Technologies of Woburn, Mass, in a move by Patni to boost its semiconductor business.

Patni noted ZAiQ's strengths in ASIC design and IP in addition to ZAiQ's expertise in FPGA and SoC technologies.

"The addition of (ZAiQ's) expertise and customer base will enable us to meet the growing demand we have been experiencing for ASIC-based services in vertical markets such as consumer electronics, telecom, computing and wireless," said Ajay Chamania, Patni's head of product engineering services, in a statement.

Patni's founders pioneered the offshore outsourcing phenomenon and initially focused the efforts of the firm on IT services particularly in insurance and financial services segments. The ZAiQ acquisition will beef up its effort in the development of complex, high-performance systems and integrated circuits.

Jim Pena, ZAiQ vice president, said his firm has nearly 500 design and verification projects underway.

Panti said that Indian IT export revenues from engineering, R&D, and offshore product development have jumped ten times from $300 million in 2001-2002 to a projected $3.9 billion by the end of fiscal year 2005-2006. The company said its product engineering unit accounted for 7.5 percent of its 2005 revenue.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Slideshows
IT Careers: 10 Industries with Job Openings Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/27/2020
Commentary
How 5G Rollout May Benefit Businesses More than Consumers
Joao-Pierre S. Ruth, Senior Writer,  5/21/2020
News
IT Leadership in Education: Getting Online School Right
Jessica Davis, Senior Editor, Enterprise Apps,  5/20/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll